Quote from: leemaxue on Today at 01:43:22 PM

Beijing uses the acronym DCEP to refer to its forthcoming digital currency electronic payment system and, as Matthew Gu noted, has “borrowed a lot of its technological details from blockchain,” including concepts such as UTXO.

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https://www.investreader.com/sections/cryptocurrency

So, Will China's Digital Yuan Target the Dollar Or Bitcoin?

China are aiming for power in the world economy, the forth coming digital Yuan will target Bitcoin and not USD. It is forseen that Bitcoin will soon become a globally accepted currency dominating the USD, as such the competition had switched side. The possible challenge that may come in the future against their digital Yuan will be Bitcoin.