Studying digital currency does not mean that money can realize the application of a certain technical scheme, but that the essence is to pursue the convenience, rapidity and low cost of the retail payment system. At the same time, we should also consider security and privacy protection. These things can be the digital currency based on blockchain or distributed accounting technology and DLT, or the technology evolved from the existing electronic payment. At present, there are some preliminary classifications of digital currency's technical routes in the world, indicating that there may be many possible systems. It should be said that the development of digital currency is not only the necessity of technological development, but also the possibility that traditional banknotes and coins will gradually shrink in the future and even disappear one day.

In the whole process, we should pay attention to the overall financial stability and guard against risks. At the same time, as a currency, digital currency should ensure the transmission mechanism of monetary policy and financial stability policy, and at the same time protect consumers. Some technical solutions may be too risky, resulting in losses to consumers when problems occur. Especially for the economies of big countries, we must avoid such substantial and irreparable losses, so we must be cautious. In this process, it is necessary to carry out full testing and partial testing, and then promote it after it is reliable. On 20 17, the People's Bank of China organized a research project on digital currency and electronic payment, which has been officially approved by the State Council and is now being organized.

You may also see that digital currency has caused a lot of discussion in some aspects, and there are also many risks and price fluctuations. Mainly there are some technical applications, not focusing on the application of retail payment in digital currency, but on virtual asset transactions. We think this direction needs to be more cautious when dealing with virtual assets. From China's point of view, virtual assets trading does not conform to the direction that our financial products and services should serve the real economy. So in the whole process, don't worry too much, develop steadily, test in an orderly way, and grasp the direction. It should be emphasized that finance serves the real economy, improving efficiency, reducing costs and preventing it from becoming the product of excessive speculation.