久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

New twist in cryptocurrency tale

By Chen Jia | China Daily | Updated: 2019-01-07 09:14
Share
Share - WeChat
Gu Nanxin (right), 78, tries to pay using Alipay on her mobile phone at a supermarket in Changxin, Zhejiang province. [Photo by Tan Yunfeng/for China Daily]

PBOC is among some central banks that are pondering e-cash of their own, fresh regulations and standards

"In Mesopotamia at least metal currency that didn't physically exist was used ... In a sense, this imagined form of money, used to facilitate real exchanges, was a virtual currency. So, when people tell you that today's economy is very different to the economy of the past, citing the virtual payments made possible by digital technologies, tell them that is nothing new; that virtual money has existed ever since the economy was invented, following the agricultural revolution twelve thousand years ago and the creation of the first surplus."

- Yanis Varoufakis, former Greek finance minister, in his book Talking to My Daughter about the Economy - A Brief History of Capitalism

Call them virtual money, digital fiat or cryptocurrencies, alternative measures of exchange value have always posed challenges to official cash.

From the first paper money that was used in China to various cryptocurrencies now vying to usher in a cashless world, almost 10 centuries have sped by.

And, wiser after the 2008 global financial crisis, central banks the world over, including the People's Bank of China, are determined to preempt any potential trouble.

That's not all. The PBOC is among the central banks that are considering issuing digital currencies of their own, besides exploring new regulations and standards to streamline and control the emerging field.

To understand their rationale, it is important to review the key developments of the last decade that marked the global monetary system.

The first decade post the GFC saw the emergence of e-money that, in turn, led to numerous electronic payment providers offering specialized services.

The trend reduced the use of official cash, spawned for-profit trade in virtual currencies, and spooked regulators with the specter of investment frauds and a destabilized financial system.

But now, experts are divided on whether fresh measures to rein in cryptocurrencies are already a bit late in the day, while others argue there is a strong case for more rules and regulations.

Everyone, however, agrees that digital money has enabled innovative modes of payment. New payment providers, such as AliPay and WeChat in China, have already restructured the market and changed the way people use money.

And they did so in a way that Satoshi Nakamoto, whose real identity remains unknown, could not have imagined a decade ago. Around the time the world was convulsing through the GFC, Nakamoto published an article titled Bitcoin - A Peer-to-Peer Electronic Cash System. The article introduced the concept of an electronic payment system free of any credit intermediary.

The idea caught on like wildfire. In the media, headlines screamed terms and phrases like "blockchain", "decentralization" and "distributed ledger".

"It changed the internet-age public's perceptions, making people believe that everything could be decentralized, and that the currency is no exception," said Zhang Yutong, a researcher with JD Finance.

Bitcoin's rise in 2009, the subsequent frenzy over its trading (which was marked by unrealistic prices and obscene returns), and the potential threat they posed to conventional cash led to denouncements that digital currencies are a fraud, outright bubbles.

Now, the focus is shifting. Academics and policymakers are discussing issues ranging from the technical features of a digital currency's design to concerns over the political economy.

In a sense, the advent of cryptocurrencies, and the attendant technological innovations, are reshaping traditional financial institutions, experts said.

A growing number of banks and other financial institutions are forming joint ventures with, or investing in, more established and large-scale third-party online platforms, some of which are associated with large technology companies such as Alibaba, Tencent, and Baidu.

A Nielsen survey indicated that third-party e-payments have much larger user penetration in China than the rest of the world.

It showed that 86 percent of respondents in China have paid for online purchases via third-party payment systems, much more than 38 percent in North America, 56 percent in Western Europe and 37 percent in Southeast Asia and the Pacific.

Zhou Xiaochuan, former governor of the PBOC, said recently that around half of the financial services in the country have been re-packaged or transformed by high technology into fintech, a sector that now includes electronic payment providers.

Some advocates say e-money can support payments without the need to designate a third-party that controls the currency or payment instruments - "decentralization".

Since the rise of electronic payments also challenges central banks' status as the sole issuers of State-backed currency, discussions now center on whether the future payment model should be decentralized as distributed ledgers technology "are still needed", said Zhou, at a forum in November. "That could be the key issue that money issuers are concerned about the most.

"The future is still uncertain. Multiple development plans for digital currencies and electronic payments are paralleled, challenging the central banks and financial regulatory bodies."

1 2 3 Next   >>|
Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    欧美丰满熟妇bbbbbb百度| 屁屁影院ccyy国产第一页| 日本xxx免费| 久草精品在线播放| 黄色a级在线观看| 91日韩视频在线观看| www.成年人视频| 精品亚洲视频在线| 欧美日本视频在线观看| 樱空桃在线播放| 爱情岛论坛vip永久入口| 欧美黑人在线观看| 亚洲欧美天堂在线| 无码少妇一区二区三区芒果| 日本黄色片一级片| 天天久久综合网| 在线免费av播放| 欧洲精品一区二区三区久久| 深夜做爰性大片蜜桃| 天天影视综合色| 国产主播在线看| 成人免费在线视频播放| 日韩精品在线播放视频| 五月婷婷丁香色| 成年人在线看片| 日韩精品视频一区二区在线观看| 777久久精品一区二区三区无码| 欧洲美女和动交zoz0z| 亚洲第一中文av| 久久久久久久久久久福利| 2019日韩中文字幕mv| 50度灰在线观看| 丰满女人性猛交| 欧美一级免费在线| 视频免费1区二区三区| 中文字幕有码av| 欧美黑人又粗又大又爽免费| 国产精品秘入口18禁麻豆免会员| 人妻激情另类乱人伦人妻| 福利在线小视频| 欧美一级黄色录像片| 六月婷婷激情网| 日韩视频在线观看视频| 亚欧美一区二区三区| 国产高清av片| 99视频在线观看视频| 中文字幕国产高清| 日韩av影视大全| 亚洲男人天堂2021| 五月天色婷婷综合| avove在线观看| 在线观看18视频网站| 一级性生活视频| 欧美国产综合在线| 97视频久久久| 116极品美女午夜一级| 欧美视频亚洲图片| 中国一级黄色录像| 午夜久久久久久久久久久| 激情成人开心网| 一本久道高清无码视频| 国产白丝袜美女久久久久| 怡红院av亚洲一区二区三区h| 干日本少妇首页| 国产成人精品视频ⅴa片软件竹菊| 亚洲 中文字幕 日韩 无码| jizz大全欧美jizzcom| 超碰91在线播放| av久久久久久| 男人添女人下面高潮视频| 999香蕉视频| 欧美日韩一区二区三区69堂| 国产福利精品一区二区三区| 经典三级在线视频| 免费超爽大片黄| 国产免费999| 日本免费在线视频观看| a级免费在线观看| 国产三区在线视频| 色噜噜狠狠一区二区| 欧美性受黑人性爽| 色综合久久久久无码专区| 牛夜精品久久久久久久| www.黄色网址.com| 国产成人无码精品久久久性色| 狠狠躁狠狠躁视频专区| 日本xxx免费| 18岁视频在线观看| 国产精品av免费| av免费观看网| 在线视频日韩欧美| 黄网站欧美内射| www.com黄色片| 国产一区二区三区乱码| 成人在线免费播放视频| 乱子伦一区二区| 免费在线观看毛片网站| 黄瓜视频免费观看在线观看www | 国产一区二区三区乱码| 日本免费观看网站| 日本一二三区视频在线| 妓院一钑片免看黄大片| 三年中文高清在线观看第6集| 欧美日韩一道本| 国产不卡的av| 日韩精品无码一区二区三区免费| 国产免费一区二区三区四在线播放| 欧美日韩亚洲第一| 日本一级黄视频| 日韩av在线中文| 国产69精品久久久久久久| 欧美又黄又嫩大片a级| 精品国产成人av在线免| 99热这里只有精品免费| 红桃视频 国产| 成人亚洲视频在线观看| 日韩视频在线视频| 日韩欧美理论片| 8x8x最新地址| 91九色在线观看视频| 久久久天堂国产精品| 亚洲黄色av片| 国产福利影院在线观看| 欧美 日韩 国产 高清| 永久av免费在线观看| 国产主播在线看| 手机成人av在线| 怡红院亚洲色图| 午夜dv内射一区二区| 国产特级黄色大片| 免费看欧美黑人毛片| 国产成人免费高清视频| 国产大片一区二区三区| 国产又黄又猛又粗| 青青在线视频观看| 亚洲美免无码中文字幕在线| 污污污污污污www网站免费| a级网站在线观看| 三年中文高清在线观看第6集| 一级黄色香蕉视频| 久久人妻精品白浆国产| 日韩国产小视频| 99er在线视频| 妺妺窝人体色www看人体| 丰满人妻一区二区三区53号| 欧美 另类 交| 亚洲综合123| 欧美一级视频在线播放| 999一区二区三区| 国产精品国产三级国产专区51| 国内精品国产三级国产aⅴ久| 国产福利精品一区二区三区| 亚洲涩涩在线观看| 91高清国产视频| 欧美激情第3页| 日韩av片专区| 日韩精品视频一二三| 999在线观看| 天天综合网久久| 福利视频999| 免费久久久久久| 青青在线视频免费观看| 日本一区午夜艳熟免费| 99热亚洲精品| 欧美 日韩 国产在线观看| 精品99在线视频| 999精品视频在线| 亚洲一区日韩精品| 日本黄色a视频| 男人天堂av片| 人妻有码中文字幕| 在线观看的毛片| 午夜大片在线观看| 8x8x华人在线| 国产日本在线播放| 国产日产欧美视频| 天天操,天天操| 熟妇熟女乱妇乱女网站| 91传媒免费视频| 国产精品333| 五月婷婷激情久久| 亚洲国产精品女人| 黄色成人在线看| 日韩精品一区二区三区不卡| 色综合色综合色综合色综合| 中国 免费 av| 欧美日韩二三区| 天天视频天天爽| 91看片淫黄大片91| 北条麻妃在线观看| 三年中文在线观看免费大全中国| 特大黑人娇小亚洲女mp4| 欧美丰满熟妇bbbbbb百度| 久久久久国产一区| 国产 国语对白 露脸| 国产福利一区视频| 今天免费高清在线观看国语| 欧美深夜福利视频| 日韩成人av免费| 日本中文字幕网址|