Forwarded from 國際文宣組 IFC
A more detailed explanation of why digital currency is bad news.
#ccp #digitalcurrency #digitalyuan #china #diyms #english #tencent #alibaba
#ccp #digitalcurrency #digitalyuan #china #diyms #english #tencent #alibaba
Forwarded from 國際文宣組 IFC
Of course we have #memes to go with that heavy piece of info
In short: digital yuan is just more ways for ccp to control its people.
#ccp #digitalcurrency #digitalyuan #china #jackma #tencent #alibaba #wechatpay #diyms #english
In short: digital yuan is just more ways for ccp to control its people.
#ccp #digitalcurrency #digitalyuan #china #jackma #tencent #alibaba #wechatpay #diyms #english
Forwarded from 📡Guardians of Hong Kong
China has given away millions in its digital yuan trials. This is how it works
The People’s Bank of China has been developing the digital yuan, a so-called central bank digital currency (DCEP) that aims to replace some of the cash in circulation.
China has already started real-world trials for the digital currency in a number of cities including Shenzhen, Chengdu and Suzhou.
The digital yuan could increase competition in China’s mobile payments market which is dominated by Ant Group’s Alipay and Tencent’s WeChat Pay.
The digital yuan is different from Bitcoin, which is a so-called decentralized cryptocurrency. That means that it is not controlled by any central authority like a central bank, unlike the digital yuan which will be issued by the PBOC.
Source: CNBC #Mar04
https://www.cnbc.com/2021/03/05/chinas-digital-yuan-what-is-it-and-how-does-it-work.html
#DigitalYuan #China #DCEP #Bitcoin
The People’s Bank of China has been developing the digital yuan, a so-called central bank digital currency (DCEP) that aims to replace some of the cash in circulation.
China has already started real-world trials for the digital currency in a number of cities including Shenzhen, Chengdu and Suzhou.
The digital yuan could increase competition in China’s mobile payments market which is dominated by Ant Group’s Alipay and Tencent’s WeChat Pay.
The digital yuan is different from Bitcoin, which is a so-called decentralized cryptocurrency. That means that it is not controlled by any central authority like a central bank, unlike the digital yuan which will be issued by the PBOC.
Source: CNBC #Mar04
https://www.cnbc.com/2021/03/05/chinas-digital-yuan-what-is-it-and-how-does-it-work.html
#DigitalYuan #China #DCEP #Bitcoin
Forwarded from China in Focus - NTD
Powell: China’s #DigitalYuan Wouldn’t Work in US
❌📲💴🔁❌🇺🇸
https://mb.ntd.com/powell-chinas-digital-yuan-wouldnt-work-in-us_605488.html
❌📲💴🔁❌🇺🇸
https://mb.ntd.com/powell-chinas-digital-yuan-wouldnt-work-in-us_605488.html
NTD
Powell: China’s Digital Yuan Wouldn't Work in US
Federal Reserve Chair Jerome Powell says he isn't worried that China has a head start in the race ...
Forwarded from American Thought Leaders - The Epoch Times
Media is too big
VIEW IN TELEGRAM
#China’s new digital currency is a trojan horse “disguised as a payment mechanism,” says Erik Bethel, a global finance professional who served as the U.S. representative to the World Bank. “There are a lot of ways that the Chinese government could use this as an instrument of surveillance, tying it to their #SocialCredit score, and ultimately keeping an authoritarian regime alive, in effect, forever.”
As the #ChineseCommunistParty rolls out China’s new #DigitalYuan, it could soon strongarm other nations to adopt it, Bethel says.
And he argues the digital yuan could eventually threaten the U.S. dollars role as the world’s reserve currency, with devastating consequences for America and the rest of the free world.
👉WATCH NOW on @EpochTV:
https://ept.ms/0208ErikBethel
⭕ EpochTV EXCLUSIVES. Only $1 (Limited Time Offer) 👉 https://ept.ms/1DollarNOW2
As the #ChineseCommunistParty rolls out China’s new #DigitalYuan, it could soon strongarm other nations to adopt it, Bethel says.
And he argues the digital yuan could eventually threaten the U.S. dollars role as the world’s reserve currency, with devastating consequences for America and the rest of the free world.
👉WATCH NOW on @EpochTV:
https://ept.ms/0208ErikBethel
⭕ EpochTV EXCLUSIVES. Only $1 (Limited Time Offer) 👉 https://ept.ms/1DollarNOW2