The stated concern? "Monetary sovereignty."
The real reason?
Fear of competition with the state-controlled digital yuan.
#Crypto #UAE #China #DigitalYuan #Web3 #Innovation
The stated concern? "Monetary sovereignty."
The real reason?
Fear of competition with the state-controlled digital yuan.
#Crypto #UAE #China #DigitalYuan #Web3 #Innovation
#crypto #blockchain #news
#crypto #blockchain #news
It also has a pilot digital payment network #CBDC vs #SWIFT bank xfers. It's Yuan 1:1 based on #eCNY #DigitalYuan, not open market based like #BTC.
Faster - Seconds not days xfer
Cheaper - Not bank fee based
Fixed Currency - 1:1 currency value
www.forbes.com/sites/digita...
It also has a pilot digital payment network #CBDC vs #SWIFT bank xfers. It's Yuan 1:1 based on #eCNY #DigitalYuan, not open market based like #BTC.
Faster - Seconds not days xfer
Cheaper - Not bank fee based
Fixed Currency - 1:1 currency value
www.forbes.com/sites/digita...
#crypto #blockchain #news
#crypto #blockchain #news
#crypto #blockchain #news
#crypto #blockchain #news
I don't know much about #Blockchain
I don't know much about #DigitalYuan (E-CNY)
But could we mix the two & make #UniversalCurrency with #RegionalControl & #UniversalTransparency?
Image_Credit: #Pixabay
www.forbes.com/sites/digita...
I don't know much about #Blockchain
I don't know much about #DigitalYuan (E-CNY)
But could we mix the two & make #UniversalCurrency with #RegionalControl & #UniversalTransparency?
Image_Credit: #Pixabay
www.forbes.com/sites/digita...
#crypto #blockchain #news
#crypto #blockchain #news