Quote from: Sithara007 on Today at 03:08:17 AM

How is this centralized Digital Yuan any different than other online fiat payment modes such as PayPal? These central bank issued cryptocurrencies will be competing against other digital versions of fiat, and not with decentralized cryptocurrencies. And noting the fact that the Chinese Yuan is probably one of the most manipulated national currencies in the world, I pity on those who chose to hold it.

There is a major difference between a currency minted by the government and a payment processors like PayPal. The competition is to hold the valuation with other centralized currency and to attract the investors. It is really hard to attract investors even if a government comes out with a digital currency that can be purchased globally.

The forecast is according to the current data and we might see changes if there a radical economic reform from the US government rather than printing out trillions.