Guo Kaiping, Northeastern University: Proposal to Construct Hainan Digital Currency Account with Blockchain Technology

According to "China Finance", Guo Kaiping, School of Business Administration, Northeastern University, wrote an article suggesting that Hainan digital currency account should be constructed with blockchain technology, and that Hainan digital currency (HN) is a blockchain-stable number that uses the RMB as the anchor currency currency. HN accounts are digital currency accounts. Funds in any currency through the HN account can be freely moved in and out of Hainan Free Trade Port, and essentially free and traceable flows can be realized. Give the account greater supervision functions, realize all funds in and out of freedom, trace flow, identifiable, traceable, and supervisable, avoid tax evasion and avoid money laundering.