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Vice Governor of the People's Bank of China: We will continue to optimize the digital RMB basic technology platform and build a digital RMB ecosystem

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Fan Yifei said that the next step will adhere to the principle of openness and inclusiveness, from both supply and demand, the organization will continue to optimize the underlying business capabilities and basic technology platform of digital RMB...

Original source: China Securities Net

Original author: He Kui Zhang Jones

BlockBeats news, September 10th,A deputy governor of the people's bank of fan flew on September 10, 2021 China (Beijing) digital financial spokesman said on the BBS, in terms of research and development of digital currency, the People's Bank of China adhere to the "safety pratt &whitney, innovative and easy to use, long-term evolution" design concept, yet prudently proceed with work of research and development of digital currency, pilot implementation in more real user authentication and partial time mass concentration test, Fully tested the stability of digital RMB business system, product usability and scene applicability, and achieved phased results.

"At the same time, we also see that some problems need to be solved, such as the rules and system of digital RMB need to be improved, the acceptance environment needs to be optimized and the payment system needs to be improved." Fan Yifei said that in the next step, we will adhere to the principle of openness and inclusiveness, make efforts from both supply and demand, continue to optimize the underlying business capacity and basic technology platform of digital RMB, actively empower foreign countries, and jointly build the digital RMB ecological system.

In terms of rule-making, on the premise of centralized management, unified cognition and anti-counterfeiting, advantages such as high efficiency of digital RMB settlement and strong privacy protection should be given full play. It is neither able to completely manage accounts nor copy paper money. What should be broken should be broken and what should be restricted should be restrained.

In terms of technical implementation, giving full play to the advantages of good specified operating institutions and professional experience, and continue to carry out technical iteration to maintain total sophistication, make full use of the existing financial infrastructure, support and interaction between traditional electronic payment system, promote the different operations between wallet, digital connectivity between the wallet and bank accounts, to achieve the unity of the safety and convenience.

In terms of ecological construction, adhere to the dual operation system, the research to stimulate the creativity and improve service quality, and the effect of long-term mechanism, build incentive compatibility and fair market environment, give full play to the enthusiasm and creativity of the participants, exploration industry main body participation, competition selection mode of sustainable development, meet the demand of wider user groups and different scenarios, Make digital RMB more inclusive and available.