Impact analyses and countermeasures of digital currency in China
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| Dokumentumtípus: | Diplomadolgozat |
| Kulcsszavak: | Countermeasures of Digital Currency Digital Currency in China Features of Digital Currency Impacts of Digital currency Suggestions |
| Online Access: | http://dolgozattar.uni-bge.hu/40947 |
| Kivonat: | Since Dorian S. Nakamotoo proposed 'bitcoin', the first digital currency, which has developed rapidly in recent years. The value of digital currencies represented by Bitcoin has risen sharply, but due to the large fluctuation of their value, they are constantly impacting the global financial order.In response, the People's Bank of China has started issuing its own digital currency to counter the challenges posed by cryptocurrencies such as Bitcoin and Libra. China set up a digital currency research group in 2014. In 2017, The State Council approved the People's Bank of China to organize some commercial banks and relevant institutions to jointly research and develop digital currencies. Pilot projects have been carried out in several major cities in China and achieved good results. Digital money will be a global trend. China has taken the lead in digital currency technology research, and recent signals have made the whole industry all over the world full of expectations for the arrival of digital currency. But there are still relevant systems that need to be improved.This paper mainly studies the characteristics of the digital currency launched by China, its impact on China from various views and countermeasures. The launch of China's digital currency comes at an important time for China to better cope with global financial shocks in the future, but there may have some impacts on China. |
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