Recently, the General Office of the State Council issued the "Comprehensively Deepening Pilot Work Plan for the Innovative Development of Trade in Services." These policies clearly stated that digital renminbi pilots should be carried out in standardized areas such as Beijing-Tianjin-Hebei integration, the Yangtze River Delta, the Guangdong-Hong Kong-Macao Greater Bay Area and the western region. Digital RMB is legal currency: Digital RMB is issued by the People's Bank of China, has the credit endorsement of my country, and is legal tender recognized by law.
The digital renminbi adopts a two-way operation system. In other words, the People's Bank of China does not directly sell and exchange central bank digital currency to the public, but first exchanges the digital yuan to specific banking or other service providers, who then exchange it to the public. According to the universal accounting system.
Anything that can form a unique symbol of personal information in a financial institution’s digital currency system can be turned into an account. For example, a vehicle license plate number can become part of an electronic account, allowing payments to be made on the highway or while parking. That is the definition of a theoretical account management system. Bank account opening rules and regulations are very strict. Generally, you must submit a lot of documents and personal information before you can open an account.
Driven by information that the central bank’s digital currency is developing and testing and expected to enter the application field, the stock market rose again. Among the related concept stocks, 9 stocks including Golden Crown, Zhongying Internet, Radio and Television Express, Hengbao, Feitian Integrity, Digital Certificate, and Gao Weida are currently in the daily limit period. From the perspective of listed companies, upstream, midstream and downstream organizations in the industry chain including ATM equipment and USB-shield equipment among operators are involved.
For example, China Radio and Television Express said that the company researched and developed digital currency applications, mainly supporting currency swap modules for digital currencies on ATMs and bank accounts, and also developed digital currency hardware wallets. ; Feitian Integrity has currently launched a digital currency hardware wallet. In addition, several companies, including UnionPay Business and China Unicom, have already applied for patents on one or more digital currencies.
Generally speaking, the development of digital currencies around the world may accelerate this year, especially the G7 may cooperate on the issuance of central bank digital currencies. In addition, the pace of implementation by the Central Bank of my country has also been significantly accelerated, basic work such as design and product development is progressing steadily, and key scenario pilots have begun. Taking into account the intensification of competition among powerful countries, it is expected that pilots across the country will be further expanded. At present, financial institutions, payment implementation scenarios and the lowest level system software will be the profit targets of related industry chains.
Dear readers, what do you think?