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What does digital currency mean (what does digital currency specifically refer to)

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What does digital currency mean (what does digital currency specifically refer to)

What does digital currency mean? What does digital currency mean

Bitcoin, Ethereum, etc. belong to this category. However, according to the statistics of international authoritative institutions, encryption technology has developed for nearly 30 years in the past year, and has also received more and more attention around the world: for example, recently the British government announced a new law to regulate Cryptocurrency trading platforms, as well as some other types of enterprises or financial technology companies issuing tokens, which has led to some misunderstandings about digital currency. However, this is not the first time that the United States has officially recognized the legitimacy of Bitcoin and blockchain technology

What exactly does digital currency refer to

According to PANews, digital currency refers to encrypted assets issued by central banks and anchored to fiat currency.

. Specifically, it includes: accounting units; Value storage methods; Exchange media and other functions Bitcoin has a history of over a decade since its inception, and now with the continuous development of technology, its impact is also increasing. The 2020 China International Blockchain Technology and Application Conference and China Blockchain Industry Development Summit Forum, officially announced on December 1, 2018, clearly states: To promote the development and implementation of China’s legal digital currency, it is necessary to start from the following aspects: 1. Improve payment efficiency and reduce transaction costs; 2. Improve the ability of financial services to the real economy; 3. Strengthen legal supervision and enforcement capabilities; 4. Accelerate the digitization process; 5. Promote cooperation between government agencies; 6. Establish and improve the global trade order; 7. Improve the cross-border payment system; 8. Promote the offshore use of the RMB; 9. Expand market access; 10. Encourage the development of digital currencies use

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