CICC: The Impact of Digital Currency on the Financial Industry is Happening

[ChainDD report] February 23 (ChainDD) According to the News of Securities Times, China International Capital Corporation Limited (CICC) pointed out that the recent popularity of digital currency market, which leading by Bitcoin, was mainly due to some investors' recognition of its "digital gold" attribute.

Different from the encrypted digital currency designed and promoted by private organizations in the United States, the digital CNY (DC/EP), which is researched and launched by the People's Bank of China, is an electronic cash based on national credit and has the status of legal currency.

After the introduction of central bank digital currency, we believe that the form of financial services may change and the digital ability of financial institutions may be an important factor in the future market competition.


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