Latest: The United States recognizes Bitcoin and other currencies as "currency" for the first time! China's digital currency speeds up again

Public data shows that according to the original idea of ​​Bitcoin founder Satoshi Nakamoto, Bitcoin and other virtual currencies will eventually replace the US dollar and rebuild a new world monetary system. But according to relevant media reports, the US federal court recognized for the first time on Friday that Bitcoin and other virtual currencies are a type of "currency" covered by the country's laws. What does this mean?
In the above ruling, Larry Dean Harmon, the operator of an underground Bitcoin trading platform in the United States, was identified as operating an unlicensed remittance business, which also means that the inclusion of the cryptocurrency industry into the international financial system has become a trend. Previously, according to foreign media reports, in September 2015, the U.S. Commodity Futures Trading Commission (CFTC) has been defining virtual currencies such as Bitcoin as commodities similar to crude oil, wheat, etc.
As the financial attributes of cryptocurrencies such as Bitcoin are widely recognized, more and more countries have recognized them as funds. According to Russian media, the country has initially passed a bill recognizing the legal status of cryptocurrencies, but prohibiting them from being used as a means of payment. The gradual legalization of cryptocurrencies in many countries will also accelerate their pace of replacing the US dollar. In the future, users holding cryptocurrencies will be able to trade directly with each other, or will be able to bypass the US dollar-dominated clearing system.
However, it is generally believed in the industry that what will eventually replace the US dollar and rebuild the world monetary system is the cryptocurrency issued by central banks of various countries, and in this field, China is already at the forefront.
As early as 2014, the People's Bank of China had already initiated research on legal digital currency, and as of now, the cryptocurrency is becoming mature. According to a report by Eastmoney on July 24, the Digital Currency Research Institute of the People's Bank of China has successively announced the establishment of a "strategic partnership" with domestic Internet companies such as Alipay, Meituan, Didi, and ByteDance.
With the latest developments in my country's legal digital currency exposed, central banks in the United States and other countries have also been unable to sit still and have accelerated their digital research and development work. Public data shows that the United States released the first "white paper" of the digital dollar project at the end of May and is currently planning to launch a digital currency.