The digitalization of the central bank's currency is helpful to optimize the central bank's monetary payment function and improve the central bank's monetary status and the effectiveness of monetary policy. The central bank can influence the deposit and loan interest rates of banks by adjusting the digital currency interest rate of the central bank, and at the same time help to break the lower limit of zero interest rate. It can eliminate illegal transactions and money laundering through cash, realize the possibility of negative interest rate and realize the direct assistance of the central bank to special groups.
The Development Course of digital currency, the Central Bank
In 20 14, Bank of China set up a special research team, and made in-depth research on digital currency's issuance and business operation framework, key technologies, issuance and circulation environment, and legal issues faced by digital currency.
20 17 1, the central bank formally established digital currency research institute in Shenzhen.
2065438+September 2008, digital currency Research Institute set up a trade finance blockchain platform.
2065438+On July 8, 2009, at the launching ceremony and the first academic seminar of the Digital Finance Open Research Program, Wang Xin, director of the Research Bureau of the People's Bank of China, revealed that the State Council has officially approved the research and development of digital currency, the central bank, and the central bank is organizing market institutions to engage in corresponding work.
On August 2, 20 19, the central bank said in the video conference on work in the second half of 20 19 that it would speed up the research and development of the legal digital currency. On August 10, Mu Changchun, Deputy Director of the Payment and Settlement Department of the Central Bank, said at the Yichun Forum for 40 Financial Members in China that "digital currency, the Central Bank, can be said to be ready". On August 18, the Central Committee of the Communist Party of China and the State Council released their opinions on supporting Shenzhen to build Socialism with Chinese characteristics Experimental Demonstration Zone, and mentioned supporting innovative applications such as Shenzhen digital currency Research. On August 2 1 day, the official micro of the central bank published two articles about digital currency. One is Fan Yifei, deputy governor of the central bank, who talked about some considerations of the central bank in digital currency in August of 20 18+0, and the other is Mu Changchun, deputy director of the payment and settlement department, who gave a speech in Yichun on August 10.
On the evening of April 14, 2020, a photo of digital currency Central Bank's internal measurement in the account of Agricultural Bank of China was circulated on the Internet. It is said that Xiangcheng District of Suzhou is an important experimental area for digital currency, the central bank. On the evening of April 17, 2020, digital currency Research Institute of the Central Bank made the latest response to the internal test of digital currency. The digital currency Research Institute of the Central Bank said that the current online transmission of DC/EP information is a test content in the process of technology research and development, which does not mean the official issuance of digital RMB.
On April 22, 2020, the Reform and Development Bureau of xiong'an new area Administrative Committee organized a meeting to promote the legal digital RMB pilot, and 19 pilot units involved in the landing application attended the meeting.