Types of digital currency

Blockchain digital currency investment guide_types of digital currency

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The Shanghai Securities News reported that at the first Bund financial summit held in Shanghai on October 27, blockchain became one of the hot topics discussed by the participants. Lu Lei, deputy director of the State Administration of foreign exchange, revealed at the summit that safe is promoting the application of blockchain technology and artificial intelligence in cross-border trade financing and macro Prudential Management. Blockchain is becoming a new hotspot. The application of blockchain in the financial field, as well as the application of new technologies such as artificial intelligence, cloud computing and big data in financial services, will further promote financial services in economic development and promote the innovation of finance itself. At the summit, Wu Qing, member of the Standing Committee of the Shanghai Municipal Committee and vice mayor, said at the summit that Shanghai will also further cultivate various financial technology enterprises and the ability of traditional financial enterprises to improve financial services by means of science and technology. Chen Yuan, chairman of the executive yuan 40 yuan forum, saidigital currency quotes imagesd that he could play a role in promoting the innovation of digital money supply chain in the future.

DBS Bank of Singapore announced the official launch of DBS digital exchange, which will start trading next week. Meanwhile, the Singapore Exchange will hold 10 per cent of DBS digital exchange.

The Korean cryptocurrency exchange, coinbit, will be officially launched at 8:00 p.m. tonight. According to the data of block123.com, coinbit is the second largest trading exchange in South Korea, with a weekly turnover of about 1 billion US dolladigital currency quotes imagesrs. Currently, it provides Korean won trading pairs in more than 20 mainstream currencies.

The people's Bank of China's digital currency is the electronic version of RMB, the Beijing News said on April 21. Different from these so-called digital currencies, the digital currencies to be launched by the Central Bank of China include national credit endorsement, which can be said to be the electronic version of RMB. Therefore, the digital currency of the central bank is legal compensation. More importantly, with state endorsement, the value of the central bank's digital currency will be more stable. But bitcoin and other so-called virtual currencies can not guarantee the stability of currency value, so it is common to be cut leeks. According to CCTV,

The scope of the proposed adoption includes fintech and digital payments, anti money laundering, initial token issuance and securitization token issuance (ICO / STO), cryptodigital currency quotes images assets and central bank digital currency. The public consultation will end on July 20, 2020.

Subhash Chandra Garg, a former Minister of Finance and economic affairs and now an adviser to the Andhra Pradesh cabinet, said the blockchain based cryptocurrency would disappear within five years, according to economic times. Garg believes that cryptocurrency is a high-risk asset. Without the support of any government authority, the government should protect people from the impact of cryptocurrency. Any currency represents a purchasing power. It must be released by the relevant departments and strictly controlled. If a private person issues a currency tomorrow, it has no value. If you are usurping money for personal gain as well. Garg also said that when everything is digital, money should be digital. Digital currency is not far away, but cryptocurrency is not the only option. Blockchain is one kind, and the other is demat currency or database currency.