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Digital yuan.
18 December 2019, 13:27,
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.
21 December 2019, 22:01,
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
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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