Activity

China Is Now The First Major Economy To Create A Digital Currency By Converting Its Yuan Into A Strings Of Digits. The Cyber Yuan, Unlike The Bitcoin, Can Track User Spending In Real-Time–Monitoring China’s Economy And People, E.G., On Tax Evasion. Moreover, The Cyber Yaun Isn’t Linked To The Dollar-Dominated Global Financial System.

Anxiety in the US as China Creates the First Major Digital Currency

https://www.thestreet.com/mishtalk/economics/anxiety-in-the-us-as-china-creates-the-first-major-digital-currency

A cyber yuan gives Beijing power to track spending in real time. Importantly, it’s money that isn’t linked to the dollar-dominated global financial system.