Will the Digital Yuan makes China even more powerful?

[BradSow]

China has been testing the Digital Yuan and soon the Digital Yuan (DCEP) will be implemented soon. Will this move make China even more independent and more powerful? And what are the consequences for the world trade?

Read the article: China Soon to Legalize Digital Yuan and Ban Other Stablecoins, DCEP to Work With WeChat and AliPay

[Jaephoenix]

Digital Yuan can lead the world into the horizon of blockchain and cryptocurrency adoption. Thus any country that utilizes it properly would certainly be powerful

[Quantum X]

Though I hope this not succeed since we know that China government is too greedy against its neighboring nations. But China is to wise and good in making strategies to trick others.

[TomPluz]

This will depend a lot on how other countries will be responding to this new digital money from China. Things are all about adoption. But we have to remember that it is not so easy for any country to just jump into another system away from the usual or the traditional platforms already in place. The ongoing story of Brexit is a big reminder of this fact. China knows how to tackle a good opportunity, and they have the bigger vision of world dominance -- in terms of economy and of course militarily. Will China be the topmost leader of the world? That remains to be seen but I know they are not destined to takeover the position that will soon be surrendered by the USA.

[Renampun]

Digital Yuan will not make China rule the world...
more powerful? Of course, but it will only be limited to domestic, digital yuan will not be able to make China feared by other countries.

[Hope4life]

I don't think it will run smoothly once the digital coins from china are implemented, for mass adoption is likely to happen in that country.

[Thymoty]

China has been testing the Digital Yuan and soon the Digital Yuan (DCEP) will be implemented soon. Will this move make China even more independent and more powerful? And what are the consequences for the world trade?

Read the article: China Soon to Legalize Digital Yuan and Ban Other Stablecoins, DCEP to Work With WeChat and AliPay

In my opinion, with the implementation of cryptocurrency in the financial system, it doesn't really have an impact on China's strength. But with the presence of digital yuan, it will definitely have an impact on the attractiveness of their investment. There will be many crypto investors starting to look to China as their market.

[alltalk]

It is too early if we conclude the effects of the Digital Yuan now. How China can take advantage or even more powerful with the Digital Yuan, it should depend on the way they develop it. At least, China has already an instrument to have the power to compete in digital currency. It is very possible that most countries in the world will have digital currencies then. The future of the world financial system may require it.
 

[Altcoin1998$]

China has been testing the Digital Yuan and soon the Digital Yuan (DCEP) will be implemented soon. Will this move make China even more independent and more powerful? And what are the consequences for the world trade?

Read the article: China Soon to Legalize Digital Yuan and Ban Other Stablecoins, DCEP to Work With WeChat and AliPay

It could possible because China has huge population. They have strong power in cryptocurrency market, Binance a China support exchange platform which already number one exchange. So China yuan will be more popular than USDT.

[Quart]

It could possible because China has huge population.

What is the correlation between China population and the success of the digital Yuan? Honestly, I don't see any correlation between them. I think the population won't have big effects on digital Yuan growth.

Binance a China support exchange platform which already number one exchange.

Binance isn't located in China anymore. Changpeng Zhao moved it out from China as a strict regulation in China. On March 2018, the company was built offices in Taiwan. Then, they made offices on Malta.

China yuan will be more popular than USDT.

Who can guarantee this? No one knows what to happen in the future.

[Gubre]

China has been testing the Digital Yuan and soon the Digital Yuan (DCEP) will be implemented soon. Will this move make China even more independent and more powerful? And what are the consequences for the world trade?

Read the article: China Soon to Legalize Digital Yuan and Ban Other Stablecoins, DCEP to Work With WeChat and AliPay

China is already powerful country and what they are capable of, is the demonstration of her power—the power that keeps on striking to become more and more stronger around her neighboring countries. So this new step of China is clearly sure to succeed.

[expander]

In my opinion, the digital yuan has indeed made China stronger. And if this is indeed successful, then I think it will greatly affect the world economy. Because China itself is a country that is quite influential on the world economy.

[masterrex]

China has been testing the Digital Yuan and soon the Digital Yuan (DCEP) will be implemented soon. Will this move make China even more independent and more powerful? And what are the consequences for the world trade?

Read the article: China Soon to Legalize Digital Yuan and Ban Other Stablecoins, DCEP to Work With WeChat and AliPay

I dont think so, to have a Digital yuan will not make China more powerful because its a complicated process, and I'm sure it will be many obstacles will be fought along the way, the more interesting question is how it will be accepted (Digital Yuan) by other countries especially by the Western economic powers, such as the EU and the U.S,

[jet]

I don't think it will add to their current power, this coin will have a long run before it will be adopted to many countries. BTC is still the.most powerful and the most well known coin for all time.

[aiviaa485]

Digital YUAN may be too late to join cryptocurrency if it doesn't start now.
Even if YUAN Digital is launched, it will not be able to become super as soon as possible because it takes steps to become number 1.

I hope that YUAN Digital will be able to compete in the cryptocurrency market with USDT, USDC and BUSD normally.