Chinese attitudes toward digital currency
Ten years later the cash probably would not exist. "Not long ago, Deutsche Bank (DeutscheBank) co-CEO John Kelai En forecast in Davos. However, after ten years, the" digital currency "finance this large, most likely in China" premiere. "
    Bank of digital currency seminar January 20 caused concern, the meeting sent out a clear signal: the central bank for the early introduction of digital money, and revealed that as early as 2014 to set up a special research team. This information release conference for a time off the market, the concepts of a third-party payment stocks gains across the board. Some economists even believe that cash into the history of the "trash", China's central bank may be "the first to eat crabs." Although more and more consumer electronic payment positive trend, but in the hands of cash will soon become a reality paper still make the vast majority of ordinary people confused: What exactly is a digital currency? Release timetable it? No bill will eventually have to replace? Current monetary policy is applicable regulatory digital currency? What global currency digitization would be?
    In this regard, the central bank governor Zhou Xiaochuan said in an interview to talk about the future of digital currency.
    Banknotes era draws to a close?
    "From the trend of historical development, the currency has always been accompanied by advances in technology, the development of economic activity and evolution, from early physical currency, commodity currencies later credit currency, natural selection is the adaptation of commercial human and social development. "Zhou said, as the currency of last generation banknote low-tech, safety and cost point of view, be replaced by new technologies and new products is the trend.
    "Digital currency issued by the central bank is currently the main alternative to physical cash, reducing the traditional paper money issuance, circulation costs, improve convenience." Zhou also introduced digital currency must be issued by the central bank as legal tender. Distribution, circulation and trading digital currencies, should follow the traditional and digital currency monetary integration ideas, implementation and management of the same principles.
    In addition, the central bank said digital currency seminar that issue digital currency can enhance the convenience and transparency of economic transactions to reduce money laundering, tax evasion and other criminal acts to enhance the central bank's money supply and currency in circulation control, and more good support economic and social development, the full realization of inclusive finance help.
    Future, digital currency, establish circulation system also contribute to our new financial infrastructure construction, further improve the payment system, payment and settlement enhance efficiency, promote economic quality and efficiency upgrades.
    Longing for the "digital currency" more than China, there are indications that the era of the bill seems to have been close.
    October 2015, the Bank of England's chief economist Andy Ha Deen expressed the hope that the abolition of cash in order to be able to implement negative interest rates to people digital currency instead. Ha Deen believes that use digital currency will be "great technology Great Leap Forward."
    Norway's largest bank DNB (DeNederlandscheBank) has called the government should completely stop using cash. In fact, several banks in Norway have closed some branch cash operations. Data show that, at present day, only 6% of Norwegians are still using cash, mostly elderly.
    August 2013, the German government recognize the legal status of bitcoin, bitcoins will be available for tax and other legitimate purposes. In the United States, some states have also recognized as a legitimate bitcoin currency.
    In recent decades, with the rise of e-finance, cash less and less the case. Bank for International Settlements data show that in 2014 the flow of 19 largest economies in the cash balance of 7.9% of GDP in 2010, compared with 8.4%. There is the view that, with less cash in favor of security and combating terrorism.