First, the status quo of digital RMB
1. Digital RMB is legal tender in digital form.
Another point is that it is equivalent to paper money and coins. Digital RMB is mainly located in M0, that is, cash and coins in circulation.
Second, the functional characteristics of digital RMB
1. Two-tier operating system: The People's Bank of China does not directly issue and exchange the central bank digital currency to the public, but first exchanges the digital RMB to designated operating institutions, such as commercial banks or other commercial institutions, and then these institutions exchange it to the public.
2. Support loose coupling of bank accounts: digital RMB wallet can be opened without bank account.
3. High security: In case of theft, digital RMB can provide loss reporting function for real-name wallets.
4.？ High traceability: under the condition that the competent department issues the corresponding legal documents in strict accordance with the procedures, the corresponding data are verified and cross-compared, providing information support for cracking down on illegal crimes.
Refer to the above content: Will the 澎湃-digital RMB closed test not affect the issuance and circulation of RMB? Baidu Encyclopedia-Digital RMB