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RE: China is testing their digital yuan & more CBDC news!

in LeoFinance3 years ago

Don't get your hopes up too high. Most CBDC's will be just like cash, only with more control for the state. & the latter is the only real reason why China is on it so quickly. The CCP wants to control the money flow. For the average Chinese, the digital Yuan will bring no advantage, since for them it works similarly to what they already use: Wechat Pay & Alipay.