Quote
The People’s Bank of China (PBOC) has reportedly filed 84 patents relating to its plans to launch a digital currency. The patents reveal the central bank’s plans which include integrating digital currency wallets into existing retail bank accounts. The potential for the Chinese central bank digital currency to achieve scale from the get-go has put several other central banks worldwide on high alert.
It seems like China is determined to get access to its citizen's finance to get a better hold and to continue the dictatorship. Centrally controlled digital currencies will left no option for ita citizens to hide any income unreported to government.
Good or bad?
Ref: https://news.bitcoin.com/pboc-digital-currency/
We should see how they can leave Chinese people no option since there is Bitcoin, how they will stop it.
To answer your question, of course is bad.
