Re: Will the Digital Yuan makes China even more powerful?

Quote from: KenCryptos on Today at 09:08:30 AM

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

Digital currencies are not going to increase the economy more powerful in anyway, it is helpful to avoid the banking sectors which itself has its pros and cons.Aoart from this China still have to use the USD based values for anything importing or exporting so these digital currencies are just to stop the decentralized economy.