Nandu News reporter Zhang Xiaoling faces new challenges in the rapid development of global digital currency supervision. The People's Bank of China established the Digital Currency Research Institute in Shenzhen. Shenzhen Municipal People's Congress today released a research report on promoting the construction of the Qianhai, Guangdong, Hong Kong, Macao and Dawan District Cooperation Demonstration Zone. It is necessary for Shenzhen to conduct in-depth research on digital currency and promote the pilot of digital currency to study the feasibility and main aspects of digital currency issuance. content.
Shenzhen and Qianhai should encourage the construction of foreign-funded banking outlets
Shenzhen Municipal People's Congress today announced the construction of a special legal research report on the construction of a legal system for the development of an open economy, promoting the construction of the Qianhai, Guangdong, Hong Kong and Macao Dawan District Cooperation Demonstration Zone. The report mentioned that industrial development requires the release of market forces, a good rule of law and a business environment, and is inseparable from government guidance and support. In the development of Qianhai, it is necessary to give full play to the role of market mechanism and market forces, and to exert the two enthusiasm of the mainland and Hong Kong, and promote the rapid development of modern service industries such as finance, insurance and information services through appropriate industrial legislation. .
More importantly, in the framework of Qianhai's “one case and two methods”, Qianhai needs to establish and improve a series of supporting systems, and to introduce systematization, meticulousness, specialization and internationalization in combination with specific industries and economic fields. Modern institutional system.
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For example, the legislative proposal to promote the opening of the Shenzhen banking industry is that Shenzhen and Qianhai should encourage the construction of foreign-funded banking outlets. Some of the businesses that foreign banks are currently unable to operate continue to be liberalized, such as issuing financial bonds.
It is necessary to conduct an in-depth study of digital currency
In addition, the global digital currency is developing rapidly, and local supervision faces new challenges. Since the emergence of "Bitcoin", the blockchain technology behind it has entered the global financial and theoretical circles. Since then, there have been more than one hundred "bitcoins", including Libra released by Facebook. Compared with the continuous derivation of digital currency, the legal regulation of digital currency faces many challenges. At present, the Hong Kong Financial Technology Promotion Office has explored digital currency, and many banks are actively exploring a series of related issues arising from the issuance of digital currency by the central bank.
The report believes that Shenzhen should strengthen the research and application of digital currency. As early as 2017, the People's Bank of China established the Digital Currency Research Institute in Shenzhen. At the same time, the "Opinions on Supporting Shenzhen's Pioneering Demonstration Zone with Chinese Characteristics" requires "innovative applications such as digital currency research and mobile payment in Shenzhen."
In order to better adapt to possible future changes, the report believes that it is necessary for Shenzhen to conduct in-depth research on digital currency and promote the pilot work of digital currency. It is recommended to study and formulate the Regulations on the Promotion of Digital Currency of Shenzhen Special Economic Zone or the normative documents of Qianhai Free Trade Zone, from the definition of digital currency, the development goal of digital currency, the regulatory body of digital currency, the distribution system and technical route of digital currency, The feasibility and main content of digital currency issuance is studied in the operation system of digital currency, digital currency exchange mechanism, the preservation and use of digital currency, the coordinated operation of digital currency and currency, and legal liability.