Post
Topic
Board Economics
Re: Will the Digital Yuan makes China even more powerful?
by
Taskford
on 28/10/2020, 09:48:35 UTC
China has been testing the Digital Yuan and soon the Digital Yuan (DCEP) will be implemented soon. Will this move make China even more independent and more powerful? And what are the consequences for the world trade?

Read the article: China Soon to Legalize Digital Yuan and Ban Other Stablecoins, DCEP to Work With WeChat and AliPay

No, do you think the economy of China will rotate only to that? For sure there are other more important things China will focus into and those creation of digital yuan is to make them not outdated on the current trend in terms of new technology. Provably this one will rotate only in their country and for sure many people will be skeptical to use that due to some reasons.