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Breaking: China CBDC to attach “great importance to collection of personal info,” PBOC Gov. – TheDailySats | What you do guys think this is another attempt for attention or is it “genuine.”

Breaking: China CBDC to attach “great importance to collection of personal info,” PBOC Gov. - TheDailySats | What you do guys think this is another attempt for attention of is it "genuine."

Breaking: China CBDC to attach “great importance to collection of personal info,” PBOC Gov. – TheDailySats | What you do guys think this is another attempt for attention or is it “genuine.”



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7 Comments

  1. China has a habit of banning good things and then implementing a custom version that they fully control.

    The problem is that they cannot truly ban Bitcoin, and any copy that they **can** control will entirely lack the engine that drives Bitcoin’s success.

  2. Big showdown coming in 2022 –

    USD vs DCEP vs BTC

    China can justifiably (IMO) require trade with it to be denominated in its digital Yuan/DCEP but it cannot force the world to trust its highly opaque, monitored and centralised CBDC/DCEP.

    *”Previously, the government had released a statement to its citizens that the country would accept any currency in exchange for E-CNY. ”*

    **Not Bitcoin!**

    They have banned Bitcoin because they are afraid of its superiority to the digital Yuan.

    Roaring Daigou trade in Bitcoin!

  3. tldr; China’s Central Bank Digital Currency (CBDC) Governor Yi Gang has said that the CBDC has plans to reach financial inclusion. The development will also aim to meet the needed requirements of domestic retail payments. Yi Gang further stated that digital payments across borders involve several complicated issues. The use of E-CNY should be market-oriented.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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