Have you looked up a chinese currency on forex markets?
They don't want anyone trading it. They randomly hyperinflate their own currency to encourage people to invest their funds or to spend (I don't know if they give warning on that or if it's random).
Also, countries generally don't want to trust other governments (the European commision combined with the common wealth was very good at bringing a lot of economies into one umbrella and removing the "xenophobia" against governments). The two, now split, will likely be able to do that but as a single cooperation scheme it was quite big.
Topic: Will China take over the world with the Digital Yuan? - page 6. (Read 817 times)
It looks like China wants to stay ahead of the game by launching its own digital currency before the rest of the world does. If it becomes the pioneer of "Central Bank Digital Currencies", it might become the largest economy in the mainstream world. This means the US Dollar will no longer be the world's reserve currency, as China gains strength with the Digital Yuan. Low fees and blazing-fast settlement speeds will make China's digital currency much more attractive than existing currencies. If the US fails to launch the "Digital Dollar" before China, it could lose its supremacy over the mainstream economy.
What are your thoughts? Will China take over the world with the Digital Yuan? Or will everything else remain the same? Do you think China's Digital Currency will force other countries to launch digital currencies of their own? How long do you think the transition will happen from paper money to digital Fiat? Your input will be greatly appreciated. Thanks in advance.
What are your thoughts? Will China take over the world with the Digital Yuan? Or will everything else remain the same? Do you think China's Digital Currency will force other countries to launch digital currencies of their own? How long do you think the transition will happen from paper money to digital Fiat? Your input will be greatly appreciated. Thanks in advance.
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