> Currently, there are three development directions for Digital Money globally, including Cryptocurrency, stablecoins, and Central BankDigital Money, each with its own advantages, development prospects, and application directions.
Author: Zhang Ming, Deputy Director of the Institute of Finance of the Chinese Academy of Social Sciences and Deputy Director of the National Institute of Finance and Development
Recently, the United States announced strong support for the development of Crypto Assets and encryption assets, and announced that it will build a national Bitcoin strategic reserve. This policy measure has greatly stimulated global discussions and imagination space for Digital Money. Digital Money is a new form of currency that exists in digital form, based on technologies such as cryptography and distributed ledgers, with characteristics such as decentralization, traceability, and tamper resistance. It can be used for transactions and value storage, including legal Digital Money and virtual Digital Money. Its rapid development not only provides new forms of currency and asset categories, but may also lead to a restructuring of the international financial system.