Will the transactions of users using digital RMB be monitored and tracked?

It will not be monitored and tracked. The digital renminbi follows the principle of "anonymity for small amounts and traceability for large amounts according to the law". According to the official introduction, it fully considers the business risk characteristics and information processing logic under the existing payment system to meet the public's demand for anonymous payment services for small amounts.

At the same time, in accordance with relevant legal provisions such as the "Network Security Law" and the "Personal Information Protection Law", in order to protect users' personal information, telecom operators must not violate relevant regulations by disclosing user information corresponding to mobile phone numbers to third parties. Three parties, so the digital RMB wallet opened with only a mobile phone number is completely anonymous. Neither the People's Bank of China nor the operating agency has the real-name information of digital RMB wallet users.

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Digital RMB (pilot version) App is China’s legal digital currency - the official service platform for piloting digital renminbi for individual users, providing the opening and management of digital renminbi personal wallets , digital RMB exchange and circulation services.

As competition in the field of global central bank digital currency intensifies, digital currency is becoming the ultimate venue for future international financial competition. The digital RMB (pilot version) App is open for download, which also means an important step from pilot to application.

You do not need to hold a bank card to open a digital wallet. You can open a wallet from any operating institution by providing your mobile phone number. At the same time, in order to benefit more users from the digital RMB business and create a good circulation environment, the Digital RMB App supports other commercial bank cardholders to recharge digital RMB wallets opened in operating institutions.

Like bank cards, digital RMB wallets also have hierarchical classifications, which are divided into first-class wallets, second-class wallets, third-class wallets and fourth-class wallets. The first-class wallet has the highest authority and can transfer and receive payments. There is no limit. The second, third, and fourth types of wallets all have quota limits. Among them, the fourth type of wallet has the smallest limit and can be opened only by verifying the mobile phone number. It is an anonymous wallet. Type 2 and Type 3 also have different limits. Type 3 wallets do not need to be bound to a bank card and can be upgraded by verifying the ID card. Type 2 wallets require verification of the ID card and personal bank account information in China. Class I wallets currently cannot be upgraded online and need to go to the operating agency to verify the upgrade on-site.

Currently, commercial banks such as CITIC, Everbright, Shanghai Pudong Development Bank, Minsheng, Huaxia, Ping An, Industrial, Guangfa, Zheshang, Bank of Beijing, Bank of Shanghai, and Bank of Nanjing have supported it, and more commercial banks are accepting it. Enter.

In order to meet users’ needs for small-amount, high-frequency anonymous payments, digital RMB allows you to open an anonymous wallet using only your mobile phone number.

According to the "Network Security Law", "Personal Information Protection Law" and other relevant laws and regulations, in order to protect users' personal information, telecom operators are not allowed to violate relevant regulations by disclosing customer information corresponding to mobile phone numbers to third parties. .

Therefore, the four types of wallets opened with mobile phone numbers are completely anonymous, and neither the People's Bank of China nor the operating agencies have access to the real-name information of wallet users.

At the same time, the digital renminbi adopts a push sub-wallet design to protect personal privacy. When using digital renminbi to pay on an e-commerce platform, the user's payment information will be packaged and encrypted, and pushed to the e-commerce platform in the form of a sub-wallet. The platform does not know the user's personal information, achieving privacy protection for the user's core information. .