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Digital yuan.
18 December 2019, 13:27,
#1
Digital yuan.
Just watching on CGTN that China intends to launch a Digital Yuan backed by 20k of Gold. Totally bypassing Western central Banks and negating any control they have over their currency. This is a huge move by China and could have dire consequences for dollar hegemony.
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21 December 2019, 22:01,
#2
RE: Digital yuan.
Makes sense for them to do so. The US has a lot of control as everything is linked to the dollar. They can enforce their laws and rules on two other countries setting up a deal that has nothing to do with the US.

It'll make the markets a bit more interesting for many.
Skean Dhude
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It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change. - Charles Darwin
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