Economic Daily News
Since 2018, the United States and China have gone through the trade war with tariffs as the main chips. In 2019, the United States also launched a number of export ban on land enterprises to enhance into a scientific and technological war.The timing came to 2020, and the United States announced that it restricted that land companies listed on the United States and canceled Hong Kong's special status, and the situation of focusing on the financial war became more and more obvious.Digital currencies symbolize the main trading tokens of the future fintech, which inevitably become the third round of the US and middle -corner.
Since the Second World War, the US dollar has become the most important trading currency in the world.According to the statistics of IMF 2019, the US dollar accounted for 60%of the world's major reserve currency transactions, 21%of the euro, and only 2%of the RMB.However, as countries have developed their own digital currencies, when international transactions in the future can skip the US dollar and have a faster and convenient settlement method, the US dollar hegemony position may be shaken.
In this regard, the United States has launched a digital US dollar implementation action.In April 2020, the scope of discussion on the scope of the draft of the draft of the new crown pneumonia's epidemic was incorporated into the scope of the draft.The Digital US dollar plan officially launched by the Digital US dollar Foundation released the first digital dollar white paper in May, indicating that in the future, it will be based on decentralized ledger technology and double -layer architecture to create global applications and stability worldwideDigital US dollar system.This plan shows that the United States attaches great importance to digital currency. On the one hand, it can curb illegal money such as money -laundering and corruption. On the other hand, it is to consolidate the position of the US dollar in the world financial system.Only have more control over cross -border transactions, liquidation, and trade policies.
On the other hand, according to the information of the World Bank, if the purchasing power is calculated, China has surpassed the United States to become the world's largest economy since 2017. The proportion of RMB as a reserve currency has only 2%, which prompts their betting to accelerate the RMB Internationalchange.First of all, the People's Bank of China announced in late April that in Shenzhen, Suzhou, Xiong'an New District, Chengdu, and the next 2022 Beijing Winter Olympics venue, the official digital currency electronic payment system was conducted internally.There are currently 19 companies that have been announced, including McDonald's, Starbucks and other international enterprises; at the same time, they have signed strategic cooperation agreements with companies such as Huawei and Didi Chuxing to promote financial innovation.
At present, the digital RMB issued by the test also adopts double -layer architecture and decentralized ledger technology, but the transaction data is not disclosed to the public. The transparency of the ledger belongs to the government, which can meet the instantaneous and regulatory efficiency.In addition, in addition to the well -known code -scanning payment and online transfer, digital RMB has the function of dual offline transactions. Even if both are in a networkless state, as long as the mobile phone is close to the same space, it can be applied closely to the same space.Trading, the experience is closer to cash.
The Global Bank Financial Telecommunications Association (SWIFT) system relied on the cross -border exchanges today is controlled by the United States, while mainland China is looking forward to the rapid development of digital currencies to join forces with the hostile country of the United States, such as Russia, North Korea, Iran, etc.Along the way, as well as countries with frequent trade with China and China, build a new form of Asian financial systems to get rid of economic sanctions and threats from the United States.
In the middle and long term, digital currency is an international trend, and the interaction between the government and the people in the future will change.The first is that the government has increased control. When implementing monetary policy, the central bank has pipelines that can directly face the public, and the management and control of currency can be more instant and accurate. In addition, the trace of gold flow is enhanced, and each transaction will be recorded immediately.And it is not allowed to change, effectively curb the situation of money laundering and fake accounts. Third, the convenience is improved, and the public does not need to hold physical cash, which means that it will save time to bank and ATM to improve financial inclusiveness.
However, it is still important to note that the huge database derived from digital currencies must face the problem of information security and personal privacy. The scope that the government can intervenes and the areas of open sharing needs to be weighing.And even if the government has strengthened the tracking of digital currencies of the central bank, in the face of an anonymous underground transactions such as the existing cryptocurrency black market, it will still be difficult to prevent it.In addition, the development of digital currencies may squeeze the field of use of solid currencies. For people who have no action device and difficult to verify their identity, digitalization does not bring expected convenience.Concern issues.
