Central Bank: Digital Currency First Tested In Shenzhen, Suzhou And Other Places.

According to media reports, a few days ago, the head of the digital Monetary Research Institute of the people's Bank of China said that at present, the research and development of digital RMB is being steadily pushed forward, and pilot tests are conducted in Shenzhen, Suzhou, Xiong an new area, Chengdu and the future Winter Olympic scene to continuously optimize and perfect functions.

Relevant people in charge of the digital Monetary Research Institute of the people's Bank of China emphasized that the current DC/EP information transmitted by the Internet is the test content in the process of technological development, which does not mean that the number of RMB is officially issued. The current closed test of digital renminbi will not affect the commercial operation of listed companies, nor will it affect the RMB circulation and distribution system, financial market and social economy outside the testing environment.

It is understood that digital currency refers to the form of an alternative currency in the form of electronic money, which can be regarded as a virtual currency based on node network and digital encryption algorithm. More specifically, the central bank's digital currency refers to the central issue of digital money, which belongs to the central bank's liabilities, which has the national credit and the equivalent value of the legal currency.