On November 13th, at the “Financial Conference: 2020 Forecast and Strategy” conference, Li Lihui, head of the blockchain working group of China Internet Finance Association and former president of Bank of China, pointed out that the legal digital currency, or central bank digital currency, It is a digital currency with legal status, endorsement of national sovereignty, and subject of issue responsibility. China's legal digital currency DC/EP has three characteristics: adopting a two-tier operation delivery system and inheriting the indirect issuance mode; adopting a parallel technology route and adhering to the central bank's central management mode; adopting the “account loose coupling” method to replace the currency M0. Li Lihui also said that the clin or token of the public blockchain community can be defined as “virtual currency”. The virtual currency has no qualified issuer, no physical asset support, no sufficient credit endorsement, and is different from the legal digital currency. Trust the institution's digital currency.