Scary times for Chinese citizens. At first they might not realize that with how used they are to platforms such as WeChat and AliPay, but they're definitely going to notice when people are being censored when sending money to recipients the government doesn't like. Another thing is that they can easily analyze your spending behavior to either sell it to third parties or abuse it themselves.
Oh this could really happen.
How much you are spending will be seen transparently. Scary.
In their country it will be a big deal because of their type of government.
A communist is way too different than a democratic government. I think we know why Yao Ming have his own channel there.
The higher amount of money you profit the higher they will take from you. That is equality for them .
Don't really like it but somehow they are in success.
This is also why a lot of Chinese people are doing businesses outside their country. To avoid those kind of financial system and also because of the strict policies.
Their token might only be a way for them to avoid bitcoin and look at how much money in stash their people have.
