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Chinese digital currency
Chinese digital currency It's morning, I'm drinking coffee. Let's see what's on Facebook, when it's a sponsored ad, with the post "As of today, you can buy official Chinese digital currency."
Clicking on the link, which takes me to Linkedin. That's how I learned that China released its domestic currency "YUAN" into the crypto world, in order to solve its debt crisis and strengthen its economy.
Interestingly, other states are considering doing so. Now I am tormented by the question of whether these currencies will suppress cryptocurrencies such as Bitcoin, BCH, Ethereum, etc. What do you think about that?
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China is developing very fast,faster then some other countriies.So I am not surprised that they have their own crypto money.Maybe will be success as BTC,maybe not.Who knows.
This is their domestic currency, only they made it a crypto.
Yes, like purebeauty said, China will take n. 1 position in the world. Economy, military strength, everything is on their side.
They interpret it as a threat to the economic domination of the United States of America, and because in the future, the Chinese digital currency could make it easier to circumvent the sanctions that America will impose in those countries with which it does not want to cooperate.
China is definitely taking dominance.
Let's see how it goes