Securities daily: the construction of digital currency will help RMB internationalization

Today, the securities daily published an article titled "the new trend of RMB internationalization in the new era", summarizing the ten-year process of RMB internationalization. The article mentioned that RMB internationalization will present a new trend, among which the construction of digital currency will help RMB internationalization.At present, the mainstream digital currency transactions are mainly for speculation, and the currency fluctuations are too large, which may also make it easier for criminals to launder money and evade taxes. The biggest advantage of a central bank issuing a digital currency is government endorsement. In July 2019, the state council officially approved the research and development of digital currency of the people's bank of China. Currently, the people's bank of China has applied for 74 patents for digital currency. The people's bank of China may become the first institution to launch a sovereign digital currency, which will help improve the efficiency of RMB transaction clearing and facilitate the internationalization of RMB.

Original address:http://epaper.zqrb.cn/html/2020-01/04/content_551786.htm?div=-1

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