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Li Lihui: The challenge of digital currency to the global monetary system

Author:SecretariatTime:2019-09-03 17:00:00

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Author: Li Lihui Head of the Blockchain Working Group of China Internet Finance Association, Former President of Bank of China


Source: China Finance, Issue 17, 2019


 


In 2009, Bitcoin based on blockchain technology came out. On June 18, 2019, the digital currency Libra testnet led by the global social network giant Facebook is scheduled to be officially launched in 2020. The goal is to become a company that is not controlled by Wall Street or controlled by the central bank, and can reach billions of people. Global currency and financial infrastructure. The form of digital currency can be called digital currency. This article attempts to analyze and explain the question of whether digital currency is another part of the global currency system through the observation of legal digital currency, virtual currency, and trusted institution digital currency in digital currency. Refactoring once?