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When will the implementation of digital currency begin (when will digital currency be implemented)?

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When will the implementation of digital currency begin? When will the implementa

When will the implementation of digital currency begin (when will digital currency be implemented)?

When will the implementation of digital currency begin? When will the implementation of digital currency begin? When will digital currency be implemented and promoted overseas?

Since 2013, our country has already launched the Central Bank Digital Currency (CBDC) and is one of the pilot countries to issue electronic wallets. On July 28, 2017, the People’s Bank of China and the Cyberspace Administration of China jointly issued the “Opinions on Supporting the High-Quality Development of Beijing’s Sub-Center”. The opinions propose a series of strategic measures such as building a legal digital currency pilot zone, accelerating the development of China’s unique new type of infrastructure construction, and vigorously developing the blockchain industry.

With the increasing support for digital finance in our country, the application of digital RMB will continue to deepen in the future, and a more perfect and regulatory-compliant secure and controllable digital economic system will be created.

When will digital currency be implemented?

The implementation of digital currency is the most significant decision in the global financial crisis. Under the influence of these events, people generally believe that the digital currency issued by the central bank will have a huge impact on the international payment market. As China’s legal currency and electronic payment tools are recognized and adopted by the state and more and more government departments accept and use them, whether the official launch of the central bank’s legal digital currency will be announced in the future still remains to be seen, and a specific timetable needs to be further postponed.

In the early years, China had already implemented a pilot plan for digital RMB (Digital Currency/Electronic Payment), which aimed to provide the public with a safe, reliable, and trustworthy way to exchange legal tender or other forms of encrypted assets. (Official website of the People’s Bank of China)

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