Research On The Construction Of My Country's Legal Digital Currency Circulation Supervision System

Legal digital currency is the logical inevitable evolution of currency form under the background of the global trend of digital economy development.Internet nformation technologies such as blockchain technology and distributed ledger technology rovide technical support for legal digital currency.Fintech and electronic payment have accelerated the evolution of currency forms.National attention and research have provided the issuance and circulation of legal digital currency.Realistic possibility,legal digital currency is bound to be the ultimate trend of digital currency.Many countries have initiated project research and experiments on their own legal digital currency.Up to now,my country's legal digital currency has been circulated on an experimental basis in some regions.However,a common problem in these studies and experiments is that the research direction of legal digital currency in various countries is mainly inclined to the economic field and technical field,paying attention to the economic impact and the operation of the technical framework.However,the research on the legal aspects of the legal digital currency supervision system is lacking and neglected.Although legal digital currency is more convenient,cheaper,and safer than traditional in circulation,its circulation will inevitably trigger a series of legal risks and challenges.Therefore,for the benign circulation of legal digital currency,its challenges and hidden dangers should be prevented and effectively supervised.The main challenges and hidden dangers of legal digital currency to the current currency circulation supervision system are: On the one hand,in terms of domestic circulation,first of all,the circulation of legal digital currency puts forward higher requirements for the protection of personal information on the network privacy and security,and it is still impossible to assess and determine the risk of personal information leakage caused by the circulation of legal digital currency;Secondly,new money laundering channels and new methods of currency alteration and forgery make the existing counterfeit currency prevention mechanism and anti-money laundering supervision mechanism have hidden dangers.On the other hand,in terms of cross-border payments,there is a lack of unified international regulatory standards and the problem of an urgent need to improve the regulatory system for regional currency cooperation.Therefore,the construction of my country's legal digital currency circulation supervision system should start from the following aspects: First,clarify the regulatory concept in the field of legal digital currency circulation,and the regulatory concept should run through the entire process of system construction.Second,it is necessary to clarify the regulatory body in the field of legal digital currency circulation.Third,use the regulatory innovation model to combine legal supervision with technological supervision.Fourth,improve specific currency circulation supervision laws.Specifically,it includes the improvement of laws and regulations such as the personal information protection mechanism,the mechanism for preventing the counterfeiting of legal digital currency,and the legal digital currency anti-money laundering system.Fifth,the supervision of legal digital currency circulation needs to strengthen international cooperation.