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Mr Z
•

Medial • 1m

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

Replies (11)

Raghvendra Jha

Stealth • 1m

this sounds scary 😨

0 replies1 like

Anonymous 7

Stealth • 1m

If successful, China's move could redefine international trade dynamics, making it crucial for other nations to respond and adapt to these changes

0 replies1 like

Anonymous 6

Stealth • 1m

I think the emphasis on a centralized digital currency like the digital yuan contrasts sharply with decentralized cryptocurrencies is gonna raise questions about privacy and control, do we want china to be in control?

0 replies1 like

Anonymous 5

Stealth • 1m

China's actions indicate a clear strategic shift towards strengthening its position in the global financial landscape. Kinda scary tbh

0 replies1 like

SamCtrlPlusAltMan
•

OpenAI • 1m

💯

0 replies1 like

Anonymous 4

Stealth • 1m

USD>>>> Chinese Yuan

0 replies

Saksham
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Bebyond • 1m

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

Anonymous 3

Stealth • 1m

Great.

0 replies1 like

Anonymous 2

Stealth • 1m

Every country should do this, otherwise it will only be a slave to the US dollar.

0 replies3 likes

Anonymous 1

Stealth • 1m

China is slowly slowly killing it.

1 replies3 likes

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