Beijing Legal Digital Currency Pilot Zone Officially Inaugurated

According to the Beijing Business Daily, on September 10, the Beijing Municipal Financial Supervision and Administration Bureau, the People’s Bank of China Digital Currency Research Institute, the Fengtai District People’s Government, the Asian Financial Cooperation Association and other units will hold the 2021 in Beijing Fengtai Lize Financial Business District on September 10th. At the China (Beijing) Digital Finance Forum, the “Beijing Legal Digital Currency Pilot Zone” and the “Beijing National Digital Financial Technology Testing Center” were officially inaugurated.

On September 25, 2020, the China (Beijing) Pilot Free Trade Zone (referred to as the Beijing Pilot Free Trade Zone) was unveiled and the Beijing Pilot Free Trade Zone was formally established.

Xu Qiang, party secretary and director of the Beijing Municipal Science and Technology Commission, said at the press conference that relying on Beijing’s technology + resources superimposed advantages, adapting to the changing trend of the digital economy and digital finance era, and further pioneering exploration in the integration and innovation of finance and technology. Including payment and settlement, registration and custody, credit rating, asset trading, data management, etc., support the implementation of major financial technology projects, support the use of technological means to improve the service level of financial infrastructure; make full use of the regulatory sandbox mechanism to steadily carry out financial technology innovation ; In terms of digital currency, build a legal digital currency pilot zone and a digital financial system; in terms of trade finance, build a trade finance blockchain standard system.

This is the news of the actual implementation of the Beijing legal digital currency pilot zone.

The detailed content and framework listed in the news can be found in the “Promoting Fintech Innovation” in the overall plan of the Beijing Pilot Free Trade Zone. The original text is:

Focusing on payment and settlement, registration and custody, credit rating, asset transactions, data management and other links, support the implementation of major financial technology projects, and support the use of scientific and technological means to improve the service level of financial infrastructure. Give full play to the role of the financial technology innovation supervision pilot mechanism, and steadily carry out financial technology innovation under the premise of serving the real economy, controlling risks, and fully protecting the legitimate rights and interests of consumers. Support the People’s Bank of China Digital Currency Research Institute to establish a financial technology center, build a legal digital currency pilot zone and a digital financial system, rely on the People’s Bank of China’s trade finance blockchain platform to form a trade finance blockchain standard system, and strengthen regulatory innovation. Build a pilot area for financial technology application scenarios, and establish an application scenario release mechanism.

Before the official inauguration of the Beijing Legal Digital Currency Pilot Zone, according to the Beijing News, in mid-April 2021, the Municipal Financial Bureau has awarded the first “Beijing Legal Digital Currency Pilot Zone” plaque to Shunyi District to promote the digital currency to rely on the airport economy The core area and Tianzhu Comprehensive Bonded Zone will be further promoted in the first national gate of the capital and Shunyi. Six major state-owned banks in Shunyi District, including Bank of China and Industrial and Commercial Bank, have opened 2,064 corporate corporate accounts.

On April 25, the digital RMB smart machine developed and designed by the head office of Industrial and Commercial Bank of China and the head office of Bank of China also made its first public appearance in the country. Another active exploration and important results.

It is reported that the smart phone can realize hardware wallet issuance, wallet recharge and withdrawal, digital currency transfer and remittance, domestic and foreign currency exchange digital currency and other functions. It can be widely used in airports, campuses, hotels, shopping malls, and major event venues. It will be used in the Winter Olympics in the future. The scene is put into use.

 

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/beijing-legal-digital-currency-pilot-zone-officially-inaugurated/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

Like (0)
Donate Buy me a coffee Buy me a coffee
Previous 2021-09-10 08:54
Next 2021-09-10 08:58

Related articles