China creates its own digital currency

[ATCclears]

China Creates Its Own Digital Currency, a First for Major Economy

A cyber yuan stands to give Beijing power to track spending in real time, plus money unlinked to the global financial system dominated by the dollar. It also could soften the bite of U.S. sanctions.

www.wsj.com

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[made in china]

China Creates Its Own Digital Currency, a First for Major Economy

A cyber yuan stands to give Beijing power to track spending in real time, plus money unlinked to the global financial system dominated by the dollar. It also could soften the bite of U.S. sanctions.

www.wsj.com

A few years ago they pretty much made it nearly impossible to use cash, nearly everything was handled by EFT through your phone. This just further consolidates their control over people. With the stroke of a key, the gov't can lock a citizen out of their own money, for any reason they wish.

 

[Provincial]

And no black market, unless the government gets it's cut!

 

[kmk1012]

Control of this type coming to a state near you! I swear these lockdowns are only helping the push for digital currency here, they've been pushing for buying everything online since Covid started.

 

[1371JarHead]

What could possibly go wrong lololol....

 

[ma96782]

Now that the CCP is into it.......
Does anyone still believe that the scheme is real?

Aloha, Mark

 

[albin25]

Won't be long 'till...
...China uses it's BitCommie to run-up all World-wide forms of CryptoCoin and then crashes them.
Let's call it... hmmm... CoinVid 19