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designer costume jewelry wholesale Shanghai, Changsha, Hainan, Qingdao, Dalian, Xi'an.
In the disclosure of the central bank, by October 2020, digital RMB will increase the six pilot areas of Shanghai, Hainan, Changsha, Xi'an, Qingdao, and Dalian. Coupled with the pilot areas of Shenzhen, Suzhou, Xiong'an New District, Chengdu Four Places, and Beijing Winter Olympics, the pilots of digital RMB have formed a "10 1" pattern.
The official launch of digital RMB without specific timetables. In the future, my country will continue to do a good job of pilot work, expand the scope of pilot, create a digital RMB ecosystem, improve system security and reliability, and formulate corresponding legal and regulatory systems. At present, the central bank is considering the pilot scope of expanding digital RMB and piloting in more scenarios and more cities.
The legal currency
Id digital RMB was issued by the People's Bank of China. It is a legal currency with national credit endorsement and legal ability.
Compared with virtual currency such as Bitcoin, digital RMB is a fiat currency. It is the highest effectiveness and safety as the legal currency. Bitcoin is a virtual asset. Any sovereign credit guarantee cannot ensure stability of value. This is the most fundamental difference between central bank digital currencies and Bitcoin and other encrypted assets.