Forwarded from 📡Guardians of Hong Kong
Not Binding to a Bank Account, China will Push Digital Currency in the Greater Bay Area, Aim to Replace Notes and Coins.
In July, Lithuania, an Eastern European country, was the first in the world having a digital currency issued by Central Bank. Now China's Ministry of Commerce is preparing to launch a test on digital Renminbi. It announced the proposal of "Overall Plan for Comprehensively Deepening the Innovative Development of Trade in Services" yesterday, which stated several eligible regions across the country to become digital RMB test sites.
These test sites include the Jing-Jin-Ji region, Yangtze River Delta region, Midwest China, and the Greater Bay Area (Pearl River Delta). The People's Bank of China (PBoC) will formulate policies to support the development of the digital currency, then will promote in Shenzhen, Chengdu, Suzhou and the Xiongan New Area, as well as in the winter Olympic venues, before expanding to other regions, based on the results in these pilot areas. The PBoC has collaborated with multiple internet companies, such as DiDi and Meituan Dianping, to study the application of digital currency.
Fan Yifei, Vice Governor of the PBoC, said that China's digital Renminbi was the effort to replace banknotes and coins, and to maintain the attributes and key features of banknotes while satisfying the need for portability and anonymity. Unlike WeChat and Alipay, which are popular in China, digital RMB does not require any bank account or bank card to be tied for payment.
At the video conference held by the PBoC on August 3, it mentioned that the testing of the digital currency had started smoothly, and would actively promote its research and development (R&D) in the second half of this year. Although the digital RMB was being tested on a pilot basis, the Governor of the PBoC, Yi Gang, stressed that this was just part of the R&D process. It does not mean that China officially launch the digital RMB, nor there is a timetable for its launch. He believed that the research, development and application of legal tender could meet the public's demand for legal tender in the digital economy and enhance the convenience, security and anti-counterfeit standard of retail payments.
#Renminbi #DigitalCurrency #PBoC
Source: Unwire #Aug15
https://unwire.hk/2020/08/15/digital-rmb-trial-confirmed/life-tech/
In July, Lithuania, an Eastern European country, was the first in the world having a digital currency issued by Central Bank. Now China's Ministry of Commerce is preparing to launch a test on digital Renminbi. It announced the proposal of "Overall Plan for Comprehensively Deepening the Innovative Development of Trade in Services" yesterday, which stated several eligible regions across the country to become digital RMB test sites.
These test sites include the Jing-Jin-Ji region, Yangtze River Delta region, Midwest China, and the Greater Bay Area (Pearl River Delta). The People's Bank of China (PBoC) will formulate policies to support the development of the digital currency, then will promote in Shenzhen, Chengdu, Suzhou and the Xiongan New Area, as well as in the winter Olympic venues, before expanding to other regions, based on the results in these pilot areas. The PBoC has collaborated with multiple internet companies, such as DiDi and Meituan Dianping, to study the application of digital currency.
Fan Yifei, Vice Governor of the PBoC, said that China's digital Renminbi was the effort to replace banknotes and coins, and to maintain the attributes and key features of banknotes while satisfying the need for portability and anonymity. Unlike WeChat and Alipay, which are popular in China, digital RMB does not require any bank account or bank card to be tied for payment.
At the video conference held by the PBoC on August 3, it mentioned that the testing of the digital currency had started smoothly, and would actively promote its research and development (R&D) in the second half of this year. Although the digital RMB was being tested on a pilot basis, the Governor of the PBoC, Yi Gang, stressed that this was just part of the R&D process. It does not mean that China officially launch the digital RMB, nor there is a timetable for its launch. He believed that the research, development and application of legal tender could meet the public's demand for legal tender in the digital economy and enhance the convenience, security and anti-counterfeit standard of retail payments.
#Renminbi #DigitalCurrency #PBoC
Source: Unwire #Aug15
https://unwire.hk/2020/08/15/digital-rmb-trial-confirmed/life-tech/
Unwire.hk
數碼人民幣大灣區落實試推 毋須綁定銀行卡 目標取代紙幣硬幣
東歐國家立陶宛於 7 月成為全球首個,由中央銀行發行數碼貨幣的國家,如今中國商務部亦準備開展數碼人民幣測試。中國商務部昨日公佈《全面深化服務貿易創新發展試點總體方案》,當中提到在全國多個符合條件的地區將會成為數碼人民幣試點。
Forwarded from 📡Guardians of Hong Kong
#OpinionArticle #TangHao
Why does the Chinese Communist Party (CCP) accelerate launching digital Renminbi (RMB)?
Editor’s note: Below is a summary but very close to the script of the first part of the video which is about digital Renminbi.
(15 Aug) The Ministry of Commerce of the People's Republic of China had an announcement on 14 August about "Complete intensify trial locations for a new transaction service with innovative technology". 28 locations in China have been selected as trial locations to promote digital RMB. Besides the first-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen, sites include Yangtze River Delta Economic Zone, Guangdong-Hong Kong – Macao Greater Bay Area (GBA), Urumchi, Xian and Midwest Chinese cities, etc. In April this year, Chinese National media reported that the trial campaign of the digital RMB in a closed system has already been started in Shenzhen, Suzhou, Xiongan New Area and Chengdu. We have discussed that in our channel. Just less than four months till now, CCP can't wait anymore to extend the trial location to 28 places over China. CCP's reaction shows the urgency in launching digital RMB. We have many newly joined subscribers on this channel. Let's have a revision of some key points first.
1. Easy to manipulate the quantity of currency and stimulate the economy
2. Tracing in all dimensions results in surveillance civilians
3. Control capital movement and prevent capital outflow
4. Restructure economy with “waste banknotes”
5. Establish a new currency system to confront USD and avoid sanction
6. Expand the penetration internationally for the United Front and surveillance the world
Full Translation:
https://telegra.ph/Why-does-the-Chinese-Communist-Party-CCP-accelerate-launching-digital-Renminbi-RMB-08-30
Source: Tang Hao’s Crossroad of the World Youtube Channel
⬇️⬇️⬇️Watch
https://youtu.be/dylZZJJldaU
Translated by: Hong Kong Echo
Further reading:
China’s State-Run Banks Reportedly Testing Wallet for Digital Yuan
https://bit.ly/3jwlS30
#DigitalCurrency #RMB #Sanction #Surveillance #SWIFT #Banknotes
Why does the Chinese Communist Party (CCP) accelerate launching digital Renminbi (RMB)?
Editor’s note: Below is a summary but very close to the script of the first part of the video which is about digital Renminbi.
(15 Aug) The Ministry of Commerce of the People's Republic of China had an announcement on 14 August about "Complete intensify trial locations for a new transaction service with innovative technology". 28 locations in China have been selected as trial locations to promote digital RMB. Besides the first-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen, sites include Yangtze River Delta Economic Zone, Guangdong-Hong Kong – Macao Greater Bay Area (GBA), Urumchi, Xian and Midwest Chinese cities, etc. In April this year, Chinese National media reported that the trial campaign of the digital RMB in a closed system has already been started in Shenzhen, Suzhou, Xiongan New Area and Chengdu. We have discussed that in our channel. Just less than four months till now, CCP can't wait anymore to extend the trial location to 28 places over China. CCP's reaction shows the urgency in launching digital RMB. We have many newly joined subscribers on this channel. Let's have a revision of some key points first.
1. Easy to manipulate the quantity of currency and stimulate the economy
2. Tracing in all dimensions results in surveillance civilians
3. Control capital movement and prevent capital outflow
4. Restructure economy with “waste banknotes”
5. Establish a new currency system to confront USD and avoid sanction
6. Expand the penetration internationally for the United Front and surveillance the world
Full Translation:
https://telegra.ph/Why-does-the-Chinese-Communist-Party-CCP-accelerate-launching-digital-Renminbi-RMB-08-30
Source: Tang Hao’s Crossroad of the World Youtube Channel
⬇️⬇️⬇️Watch
https://youtu.be/dylZZJJldaU
Translated by: Hong Kong Echo
Further reading:
China’s State-Run Banks Reportedly Testing Wallet for Digital Yuan
https://bit.ly/3jwlS30
#DigitalCurrency #RMB #Sanction #Surveillance #SWIFT #Banknotes
Telegraph
Why does the Chinese Communist Party (CCP) accelerate launching digital Renminbi (RMB)?
#OpinionArticle #TangHao Editor’s note: Below is a summary but very close to the script of the first part of the video which is about digital Renminbi. (15 Aug) The Ministry of Commerce of the People's Republic of China had an announcement on 14 August about…
Forwarded from 國際文宣組 IFC
Big Brother is Watching You. With all your spending habits exposed to #CCP, is anyone really safe? It probably only takes one button to freeze all your assets too.
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#digitalcurrency #suzhou #shenzhen #china #tencent #wechatpay #english #diyms
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#digitalcurrency #suzhou #shenzhen #china #tencent #wechatpay #english #diyms
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 國際文宣組 IFC
Big Brother is Watching You. With all your spending habits exposed to #CCP, is anyone really safe? It probably only takes one button to freeze all your assets too.
-
#digitalcurrency #suzhou #shenzhen #china #tencent #wechatpay #english #diyms
-
#digitalcurrency #suzhou #shenzhen #china #tencent #wechatpay #english #diyms
Forwarded from China in Focus - NTD
Expert on Risks of #DigitalCurrency
🚨📲💴💵💶💷🚨
https://mb.ntd.com/expert-on-risks-of-digital-currency_604123.html
🚨📲💴💵💶💷🚨
https://mb.ntd.com/expert-on-risks-of-digital-currency_604123.html
NTD
Expert on Risks of Digital Currency
A company in China is reportedly paying some employees with China's new digital currency, the digital yuan. With ...
Forwarded from China in Focus - NTD
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In this special report, we discuss #China’s ambition to dominate the global monetary system. The Chinese regime is speeding up its plans for #DigitalCurrency.
⭕️ Watch on #EpochTV 👉https://ept.ms/3ywraUv
⭕️ Watch on #EpochTV 👉https://ept.ms/3ywraUv
Forwarded from American Thought Leaders - The Epoch Times
Media is too big
VIEW IN TELEGRAM
A company with ties to the #ChineseCommunistParty owns 130,000 acres of land in #Texas—right next to America’s largest air force pilot training base.
And in other news, why should America be concerned about China’s emerging #DigitalCurrency?
🔴 Watch on @EpochTV 👉https://ept.ms/3fRNorz
And in other news, why should America be concerned about China’s emerging #DigitalCurrency?
🔴 Watch on @EpochTV 👉https://ept.ms/3fRNorz
Forwarded from 國際文宣組 IFC
One word: CONTROL. #CCP wants to pull the strings of everyone’s purse.
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#Cryptocurrency #digitalcurrency #bank #china #english #diyms
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#Cryptocurrency #digitalcurrency #bank #china #english #diyms
Forwarded from EPOCH TV
Media is too big
VIEW IN TELEGRAM
With multi-trillion dollars in spending at the federal level for #COVID19 bailout packages, and with additional spending planned on policies including the infrastructure bill, there's now talk of #PotentialInflation. And as #China pushes its new #DigitalCurrency, and is trying to reform the global financial model, the stability of the US led financial system is being called into question.
🟣Tune in here for the full episode 👉https://ept.ms/2VnuWRj
🔵Sign up with your email today to get 10 FREE videos on @EpochTV👉https://ept.ms/37ckRcx
🟣Tune in here for the full episode 👉https://ept.ms/2VnuWRj
🔵Sign up with your email today to get 10 FREE videos on @EpochTV👉https://ept.ms/37ckRcx
Forwarded from 國際文宣組 IFC
What’s about the #ccp digital #currency? Well, #surveillance, surveillance and surveillance. Knowing where, when and how everyone spent - that’s a very good mapping of a person’s life. That’s what the CCP wants.
#china #fuckccp #boycottchina #digitalcurrency #boycottbeijing2022 #rmb
#china #fuckccp #boycottchina #digitalcurrency #boycottbeijing2022 #rmb
Forwarded from China in Focus - NTD
Media is too big
VIEW IN TELEGRAM
#China is pushing a unique financial campaign: urging Chinese citizens and businesses to start using #DigitalCurrency across the nation. And once that’s done, it has plans to promote that digital currency worldwide, eventually looking to achieve international use.
But why go through all the trouble?
⭕️ Watch the special report on @EpochTV👉https://ept.ms/ChinaDigitalCurrency
⭕️Sign up with your email today to get FREE videos on @EpochTV👉https://epochtv.com
But why go through all the trouble?
⭕️ Watch the special report on @EpochTV👉https://ept.ms/ChinaDigitalCurrency
⭕️Sign up with your email today to get FREE videos on @EpochTV👉https://epochtv.com