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

Back

Vishu Bheda

 • 

Medial • 7m

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 replies21 likes
2
Replies (11)

Saksham

 • 

Bebyond • 7m

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.

0 replies

More like this

Recommendations from Medial

Shubham Khandelwal

Data Science Enthusi... • 12m

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

0 replies3 likes
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 replies11 likes

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
0 replies10 likes
Image Description
Image Description

Ram saravanan

Start up • 2m

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 replies10 likes
1

Harshajit Sarmah

Founder & Editor of ... • 9m

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
0 replies5 likes

Young Prince BH

Hey I am on Medial • 2m

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?

0 replies2 likes

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
0 replies6 likes

Ankit Kumar

“The best way to pre... • 5m

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
0 replies3 likes

CA Chandan Shahi

Startups | Tax | Acc... • 3m

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
0 replies3 likes

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