...China is creating a cryptocurrency to eliminate the mediation of US dollars. This currency will transact in China, they will scale up payments globally.
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China is not the first country that wants to untie its economy from the dollar. But I don't see that any country has succeeded. And I don't understand how this digital yuan will differ from the Fiat one, because it will also have all the disadvantages of the yuan. And first of all, the dependence of the yuan exchange rate on government decisions.