The promotion of digital RMB still needs to improve supporting systems
Chen Guojing
Since the first digital RMB red envelope test in Shenzhen, cities such as Suzhou and Beijing have also launched digital RMB red envelope activities.
In the ongoing tests, the use of digital renminbi media and scenarios have become more abundant, which has accumulated beneficial experience for the future promotion of digital renminbi.
At present, digital currency is considered to be at the core of the global digital economy competition.
In the future, whether a country can take the initiative in the development and use of digital currency is related to the stability of the country's monetary and financial system.
Once the national currency is replaced by other digital currencies, a country's sovereign currency status will be threatened, the effect of monetary policy transmission will be weakened, and the financial system will not be stable.
For my country, with the increasing use of mobile payment, the payment system also needs to keep pace with the times to meet the people's needs for diversified electronic payment methods.
my country's digital renminbi is issued by the central bank in accordance with the law. It is a digital renminbi, which will effectively enhance the fairness and inclusiveness of the currency and payment system and break the barriers to payment.
In addition, the digital renminbi will also help maintain financial stability and prevent financial risks.
Features such as centralized management and controllable anonymity of the digital renminbi will solve the problem of information asymmetry in cash transactions while protecting user information and privacy and will help financial risk monitoring, prevention and control.
It needs to be clear that the recent frequent testing of the digital renminbi does not mean that the digital renminbi has officially landed.
From the previous rounds of testing, the digital renminbi is relatively stable during use, but a large number of online and offline tests are still needed, especially for stability and security under extreme conditions such as high concurrent transactions.
In the future, when conditions are ripe, further expansion of the testing scope of the digital RMB can be considered.
For example, consider selecting some areas with relatively weak financial infrastructure for testing, and strengthen cooperation between all parties, enrich online and offline scenarios, and build an open, inclusive, and win-win digital RMB ecosystem.
On the basis of mature technology, the digital renminbi will move from a pilot to a comprehensive promotion, and it is more important to plan from the top-level design level, strengthen system construction, establish and improve relevant laws and regulations, and make various response measures. For example, how to characterize counterfeit digital renminbi and what legal responsibilities should be borne by relevant responsible persons should be clearly stipulated in corresponding laws and regulations, increase punishment, increase illegal costs, and provide perfection for the issuance and circulation of digital renminbi Legal protection. Only under the premise of clear standards, complete systems, and well-regulated laws and regulations, can the digital RMB move from testing to comprehensive promotion and circulation.