๐Ÿš€ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐Ÿ”ฅ
Login

Back

Vishu Bheda

ย โ€ขย 

Medialย โ€ขย 5m

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: โ€ข 500+ blockchain projects registered with the government โ€ข 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: โ€ข Bypass international sanctions โ€ข Reduce dependence on the dollar โ€ข 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

ย โ€ขย 

Bebyondย โ€ขย 5m

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 โ€œcontrollable anonymity,โ€ 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...ย โ€ขย 9m

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

0 replies3 likes
Image Description
Image Description

K

Phย โ€ขย 11m

China Builds AI Chatbot Trained On Xi Jinping's Thoughts: Hereโ€™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...ย โ€ขย 2m

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

Harshajit Sarmah

Founder & Editor of ...ย โ€ขย 7m

Crypto India Magazine is now the Official Media Partner of the European Blockchain Convention๐Ÿค Be part of Europe's top Blockchain and Digital Assets event! ๐ŸŽ™๏ธ6,000 attendees and 300 speakers! ๐Ÿ“… Date: 25-26 September 2024 ๐Ÿ“ City: Barcelona, Spai

See More
0 replies5 likes
Image Description
Image Description

Ram saravanan

Start upย โ€ขย 18d

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
Image Description
Image Description

Rohan Saha

complicated Investorย โ€ขย 1y

What are your opinions on cryptocurrency? Some nations, such as El Salvador, utilize cryptocurrency as their normal currency, and according to their leaders, crypto is the most beneficial thing for them; however, large giants like India and China d

See More
6 replies10 likes

Samaksh Singh

Content Writerย โ€ขย 28d

๐ŸŒŸ Exploring Joi Coins: The Future of Digital Transactions ๐ŸŒŸ The rise of digital currencies continues to reshape the financial landscape, and Joi Coins are making waves with their innovative approach. Backed by secure blockchain technology and desi

See More
0 replies2 likes

Young Prince BH

Hey I am on Medialย โ€ขย 21d

AI and Crypto is coming for most peopleโ€™s job. Itโ€™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 Writerย โ€ขย 1m

Hello Everyone ! Understanding Blockchain: Transforming the Future of Finance Blockchain technology is revolutionizing the financial landscape, offering enhanced security, transparency, and efficiency. Hereโ€™s why it matters: โœ… Decentralization โ€“ E

See More
0 replies6 likes

Ankan Bayen AV

Don't give up just w...ย โ€ขย 3m

BABE & BeeCat Collaboration: A New Crypto Revolution ๐ŸคThe partnership between BABE Finance & AI and BeeCat Coin is set to transform the crypto space. BABE Finance, a leader in financial services and AI-powered solutions, combines forces with BeeCat

See More
0 replies6 likes

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