理解央行数字货币一个系统性框架.docVIP

理解央行数字货币:一个系统性框架 姚前 中国人民银行数字货币研究所 X 关注成功！ 加关注后您将方便地在 我的关注中得到本文献的被引频次变化的通知！ 新浪微博 腾讯微博 人人网 开心网 豆瓣网 网易微博 摘????要： 当前, 法定数字货币的研发正引起政策制定者、监管机构、产业界、学术界的广泛兴趣, 但对于它的具体形态, 尚未有清晰的概念和蓝图.本文建立了一个系统性框架, 从价值内涵、技术方式、实现手段、应用场景等4个全新的维度, 剖析了法定数字货币的本质和内涵.研究认为, 法定数字货币在价值上是信用货币, 在技术上是加密货币, 在实现上是算法货币, 在应用场景上则是智能货币.与现有的私人数字货币和电子货币相比, 法定数字货币将呈现出全新、更好的品质.让货币价值更稳定, 让数据更安全, 让监管更强大, 让个人的支付行为更灵动, 让货币应用更智能, 不仅能很好地服务大众, 同时又能为经济调控提供有效手段, 还能为监管科技的发展创造坚实的基础, 这些优秀品质是中国法定数字货币所追求的目标. 关键词： 法定数字货币; 信用货币; 加密货币; 算法货币; 智能货币; 作者简介：姚前, E-mail: yaoqian@, 中国人民银行数字货币研究所所长 收稿日期：2017-11-02 Understanding central bank digital currency: a systemic framework Qian YAO Institute of Digital Money of the Peoples Bank of China; Abstract： The rapid development of digital currency has raised big concerns among policy makers, regulators, industry and academia about the future of fiat currency. Increasingly the issuance of legal digital currency or digital fiat currency (DFC) is interesting central banks all over the world. However, what digital fiat currency should central banks need still remains obscure and need to be more deeply explored. This paper analyzes the essence and connotation of the legal digital currency from four dimensions — value connotation, technical means, implementation means and application scenarios. It is argued that DFC is a credit-based currency from a value perspective, a crypto-currency from a technical perspective, and algorithm-based currency in terms of its implementation and a smart currency when it comes to application scenario, these characteristics will enable DFC to excel over existing tools of electronic payment, be it private digital currency or electronic currency. DFC in China is expected to contribute to more stable value, more secure data, more powerful regulation, stronger empowerment of individuals in payment activities and smarter application and it can not only provide new tools for macroeconomic control but also lay a solid foundation for Reg Tech development and ap