Former Vice President Corporate Finance: Only digital assets of a financial institution exist and can be converted into cash.

Today, Wang Yongli, former chairman of China's financial institutions and chief financial officer of Shenzhen Haiwang Group, reported in an Economic Observer newspaper article that there are many concepts of "digital currency", but strictly speaking, it is the only "central bank digital currency" that exists and develops. Obviously, it is impossible to establish and manage a supra-sovereign world currency without national sovereignty in the wilderness and the world. has not yet achieved full control. First, the “digital currency” available on a network, like Bitcoin, could not be the real value in circulation. Second, the "fixed currency" linked to the equivalent value of a single currency has no choice but to make a token, and third, structurally money The concept of fixed currency "super-sovereign money" associated with a basket is hard to find. Additionally, the digital benefits of a bank account can only digitize fiat money and cannot be newer benefits than fiat money.