What is digital currency, and what impact does the issuance and use of digital currency have on the

The essence of digital currency is cash, cashier bookkeeping or cash accounting.

What is Digital Currency?

Digital currency is a relatively broad concept, electronic money, virtual currency, and cryptocurrency in the popular sense are all part of digital currency. Electronic money generally refers to the legal tender in digital form issued and recognized by **, which is the traditional currency that has been digitized or electronic, such as bank cards and online banking; Virtual currency refers to a kind of virtual equivalent issued by non-financial companies, which can only be used as currency in a specific community or ecosystem, and cannot directly purchase goods or services, such as coupons, game currency, points, Q coins, etc.; Cryptocurrency, on the other hand, is a decentralized concept that uses cryptography to ensure the security of money and control the medium of exchange created by trading units. The biggest feature of cryptocurrencies is that they are decentralized, without any regulation, and can be traded in real money, and also support cross-border instant transactions, which also poses a huge challenge to traditional currencies.

Bitcoin, Ether, etc., which we are familiar with, are all cryptocurrencies. Different issuing departments will play different roles in the issuance of different digital currencies, and the monetary nature of digital currency is mainly reflected in its relationship with legal tender or legal digital currency, that is, it is reflected in the clearing relationship with ** bank. However, there is no necessary relationship between the strength of the currency and the form of the issuing institution.

What impact does the issuance and use of digital currencies have on cashiers' work?

For financial and accounting personnel, the model of managing money with one hand and managing bills with one hand has lasted for a hundred years, but with the improvement of the level of informatization, especially the development of the Internet, digital currency and electronic bills in recent years, this model is undergoing revolutionary changes.

At present, the state is also vigorously promoting and standardizing electronic invoices and accounting electronic files, which can provide electronic transaction vouchers for digital currency payment, which is conducive to the circulation of digital currency and the realization of payment functions. In the business activities of the enterprise, the payment can be made in the form of digital currency, the electronic invoice can be issued or obtained in electronic storage, and the accounting electronic file storage of the enterprise can be formed.

The main body of digital currency issuance is still a variety of payment software, or banking software, and it is also possible to set up a special digital currency software.

This is a legal digital currency, and it is issued by our People's Bank of China, and the strict system should also be respected when discovering the bank, so the main body is legal tender.

If it's legal tender, then it doesn't matter, for example, if it's issued by the central bank, non-fiat currency is considered a financial asset. It has no impact on the fiscal and taxation system.

There is a potentially disruptive impact on accounting practice, and those who try to manipulate their taxes should be careful, and theoretically it is possible to analyze the evasion you have done at almost zero cost.

If digital currencies are widely accepted and function as money, they will weaken the effectiveness of monetary policy and make policy-making difficult. Because the issuer of digital currency is usually an unregulated third party, the currency is created outside the banking system, and the amount of issuance depends entirely on the will of the issuer, so it will make the amount of currency unstable, coupled with the inability of the authorities to monitor the issuance and circulation of digital currency, resulting in the inability to accurately judge the economic situation, bringing trouble to policy formulation, and also weakening the effectiveness of policy transmission and implementation.

Well, you may not need to keep accounts anymore, the system can be distributed bookkeeping, and it cannot be changed, it is recommended that you can learn more about blockchain-related information first, walk in front of some people, pay attention to information, you can take a look at the platforms of Golden Finance and AEX, and you will understand it well, of course, if you manage your money directly, you can look at AEX

The circulation of digital currency will reduce the number of times people use cash and change people's habits of using cash, which will reduce the occurrence of counterfeit money and other economic crimes.

It will gradually change the way people trade, and people's currency transactions will gradually shift from cash transactions to digital currency transactions, but cash is unlikely to withdraw from the market.

Maybe no one will use cash in the future, and they will all use digital currency for payment and use.