🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

Back

Vishu Bheda

 • 

Medial • 8m

China will kill the US dollar. First, they banned crypto. Then, they secretly invested $1.5 billion & became the 2nd largest Bitcoin mining hub. Here's their masterplan to take over by 2030: President Xi Jinping's 2019 announcement revealed China's true intentions: "Seize the opportunity" in blockchain. This results in: • 500+ blockchain projects registered with the government • Alibaba filed 90 blockchain patents - more than any company globally China's real target: The global financial system. Their weapon: The digital yuan. It's China's official digital currency, issued by their central bank. Unlike crypto, it's centralized and backed by the government. The Digital Yuan Allows China To: • Bypass international sanctions • Reduce dependence on the dollar • Gain unprecedented financial control 35% of the world's CBDCs already run on China's blockchain network. The next financial revolution is underway, with China leading. Follow for more valuable content.

11 Replies
2
21
Replies (11)

Saksham

 • 

Bebyond • 8m

Some facts about Chinese CBDC: 1. Privacy & Surveillance: It enables government tracking of transactions, raising significant privacy concerns and allowing deep insights into users' financial behaviors. 2. Limited Anonymity: Offers “controllable anonymity,” with authorities able to identify users, unlike the full anonymity of cash. 3. Financial Control: Programmable to restrict specific purchases or set expiration dates on funds, limiting individual financial freedom. 4. Data Sovereignty: Foreign businesses may face compliance and oversight issues, as data on cross-border transactions could be subject to Chinese data laws. 5. Cybersecurity Risks: Vulnerable to cyber-attacks, potentially compromising sensitive user data. 6. Global Interoperability Issues: Not aligned with international standards, causing challenges in global trade and limiting acceptance outside China. Launch of CBCDs saw huge protests and people switched to Cash. CBDCs aren't a solution, its a way to monitor.

Reply

More like this

Recommendations from Medial

Shubham Khandelwal

Software Engineer • 1y

Chinese Yuan falls to lowest level against the U.S. Dollar in more than 7 months

Reply
3
Image Description
Image Description

K

Ph • 1y

China Builds AI Chatbot Trained On Xi Jinping's Thoughts: Here’s All That It Can Do China has launched a new chatbot based on the political philosophy of its leader, Xi Jinping, as the Financial Times and the South China Morning Post

See More
4 Replies
11

Business Creator

Don't Miss Opchunity... • 5m

As of January 24, 2025, here are the latest developments in the cryptocurrency industry: 1. Presidential Executive Order on Cryptocurrency President Donald Trump has signed an executive order titled "Strengthening American Leadership in Digital Fin

See More
Reply
10
Image Description
Image Description

Ram saravanan

Start up • 3m

China has allowed flying taxis for commercial use. EHang Holdings and Hefei Hey Airlines have received the first-ever authorization from Chinese regulators to operate flying taxis. Both businesses are authorized to provide commercial passenger serv

See More
3 Replies
1
10

Harshajit Sarmah

Founder & Editor of ... • 10m

Crypto India Magazine is now the Official Media Partner of the European Blockchain Convention🤝 Be part of Europe's top Blockchain and Digital Assets event! 🎙️6,000 attendees and 300 speakers! 📅 Date: 25-26 September 2024 📍 City: Barcelona, Spai

See More
Reply
5

Young Prince BH

Hey I am on Medial • 3m

AI and Crypto is coming for most people’s job. It’s plain and simple. Soon finance will be taken over by blockchain. Any Web3/Crypto DEFI enthusiasts in the house?

Reply
2

Samaksh Singh

Content Writer • 3m

Hello Everyone ! Understanding Blockchain: Transforming the Future of Finance Blockchain technology is revolutionizing the financial landscape, offering enhanced security, transparency, and efficiency. Here’s why it matters: ✅ Decentralization – E

See More
Reply
6

Ankit Kumar

“The best way to pre... • 6m

is there anyone who wants to invest in a trading proprietary account in crypto forex and US stocks with me...we would have a team to manage funds....I have 2 years of knowledge but my financial background is not enough to invest in the market so I n

See More
Reply
3

CA Chandan Shahi

Startups | Tax | Acc... • 4m

Finance Bill 2025: Crypto Assets Under Greater Scrutiny! 🚨 The Indian government is tightening regulations on crypto-assets with key amendments in the Finance Bill 2025: 🔹 Expanded Definition of Virtual Digital Assets (VDAs):The definition unde

See More
Reply
3

Download the medial app to read full posts, comements and news.