Shulou(Shulou.com)11/24 Report--

CTOnews.com Sept. 15, according to China Business report, Mu Changchun, director of the Digital currency Research Institute of the people's Bank of China, said at the 11th China payment and settlement Forum that digital RMB is a special movable property, while digital RMB is also a typical consumer product.

"even if the operator goes bankrupt, the digital RMB in the user's wallet is not included in the bankruptcy property and is not affected by the 'zero rule'. In addition, the digital RMB is the central bank currency, the central bank is the ultimate provider of liquidity, the use of central bank currency settlement can better ensure the finality of settlement." Mu Changchun stressed.

The so-called "zero rule" refers to the bankruptcy law rule that the bankruptcy declaration takes effect from 00:00 on the date of bankruptcy declaration, and the consequence is that all transactions during the period from the early morning of that day to the time of bankruptcy declaration are invalid transactions.

Mu Changchun stressed that the digital RMB naturally has the finality of settlement, is not affected by the "zero rule", and has legal certainty. This is because the digital RMB has the property of real right, the user has the ownership of the digital RMB in the wallet, and the digital RMB in the user's wallet does not belong to the assets of the operating institution and is not included in the balance sheet of the operating institution. At the same time, from the perspective of the digital RMB system, once the payment instruction has been verified by the relevant system, it will have the characteristics of unconditional execution and irrevocability, and the time when the payment settlement is completed is the time when the ownership transfer is completed. it ensures the finality of payment and settlement.

CTOnews.com learned that since the launch of the digital RMB pilot project, a large number of application models covering both online and offline have been formed in the fields of wholesale and retail, catering, culture and travel, education and health care, and public services. With regard to the future development of the digital RMB, Fan Yifei, deputy governor of the people's Bank of China, recently revealed that it is necessary to promote the standardization of the digital RMB system and realize the interconnection between the digital RMB system and traditional electronic payment tools, so that consumers can "sweep in one code" and merchants can support all kinds of payment tools without increasing costs.

Fan Yifei said: at present, phased achievements have been made in the construction of the digital RMB ecosystem. Practice has proved that the "two-tier operation" architecture is the best scheme to build an open digital RMB ecology. On the one hand, the people's Bank of China ensures the ability to regulate and control currency issuance and monetary policy through the implementation of centralized management, on the other hand, the people's Bank of China provides commercial institutions with an open, neutral, credible and stable infrastructure. In this process, we should not only fully respect the market law, but also can not ignore the basic attribute of "public goods".

Fan Yifei said that in order to achieve "money with the same currency and currency with the same shape" in the digital era, it is necessary to accelerate the standardization of the digital RMB system from the dimensions of information exchange, business processes, and technical norms. Specifically, it is necessary to promote the unification of norms and standards in digital identity, message specification, two-dimensional code system, Bluetooth and NFC, and realize the interconnection between the digital RMB system and traditional electronic payment tools, so that consumers can "sweep in one code" and merchants can support all kinds of payment tools without increasing costs. In addition, in order to avoid the leakage of user information and eliminate the hidden dangers of data security, it is also necessary to organize all parties to upgrade and strengthen the relevant technologies, improve the level of security protection, and ensure the security and convenience of payment.

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