The solution will be a revolution in the Chinese market, but may also affect the entire global stock market. The functioning of the new currency will be radically different character from the well-known category and Bitcoin (BTC known there as China). It is not known yet whether the Chinese government will decide on the coexistence of both systems, the very popular BTC China will be banned. The original system is based entirely on the operations performed through the thousands of personal computers around the world, who make millions of calculations in the encryption system, for which the so-called. Volunteers receive commission payments.
– I am confident that the Chinese government will for the purposes of the transaction used native super-computers of the series Dawning technology BlockChain, over which runs a number of technology companies in the world, and that investing more and more banks and capital funds – says Marcin Jaskuła, CEO of Sino-Pol Group, an advisory firm introducing Polish company’s Chinese-language markets and supports Asian investors in Poland. This will help the government in Beijing in full control of the process circuit virtual currency , to introduce restrictions nominal and legislation in order to optimize the potential of tax revenues from the project.
The Chinese currency digital, according to the Chinese bank central to appear “as soon as possible.” Help about bniżyć high cost of issuing the traditional money , will make it easier to carry out financial transactions and make them more transparent; reduce the possibility of money laundering, tax evasion and other crimes. It has to be a tool to combat Exit capital. Because the 11 months in 2015 wytransferowano China approx. 843 billion ., Which forced the Chinese government to the reserves of the central in order to avoid raising interest rates, with evident released economic growth. China for years in the first place the countries with the highest levels of the financial drain. A large part of this amount to the financing of Chinese foreign direct investment (FDI), but the problem of the “gray area” is very serious.
In the last year until 1/3 of the money he was deported from the country without state control. The Chinese believe that deposit savings outside the country is safer. As much as 60 percent. the richest Chinese people afraid of the situation in the country.
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– The stock market is uncertain real estate market, too. The Chinese have nowhere to invest their capital, so look for alternatives – says Radoslaw Pyffel, president of the Center for the Study Poland-Asia. These options provide them with such. Portugal, Ireland, Latvia, Spain and Greece, which offer real estate and the possibility of obtaining a green card within the European Union.
Currency Digital can thus help the Chinese government in the fight against capital outflows. But if the new solution can also affect world markets? Everything depends on the details of the project which have not yet been given to the public domain.
– If the project will have a trans-border dimension is undoubtedly will have great repercussions on global financial markets, which derive huge profits from the FOREX, especially in import-export transactions – comments Jaskuła. The question remains whether virtual account holders will be able to use them for so-called. portfolio transactions and capital markets. Because now the Chinese yuan (RMB) is the currency of a non-replaceable, except Wolnostrefowymi payment accounts (Free Trade Accounts – FTA).
Announcement intend to create a Chinese proprietary digital currency was expected from 2014., When Citigroup Inc. with Deiloitte LCC received orders Consulting to help with this project.
– China follow in this regard by the global trend of increasing the presence of advanced technologies in the circulation of money in circulation both domestic and global – says Marcin Jaskuła.
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