Will the Digital Yuan makes China even more powerful?

[Crypto Guard]

I think if this yuan digital project is a success. Then it will make China's position even stronger. especially in the online market. And surely this will also affect the world economic system. we will see what will happen when this digital yuan is truly successful and successful.

[Fenix]

In any case, the successful implementation of the digital yuan will greatly strengthen and strengthen China's financial and economic position. There is no doubt about it. A digital renminbi on the scale of such a large and densely populated country will allow faster and more efficient payments both within the country and abroad. The role of the yuan will rise, while the dollar and other currencies will fall.
The draft law that is being prepared is also competently drafted to strengthen the financial system of China, and this, in turn, will weaken the influence of the cryptocurrency, and primarily bitcoin.

[Hometown]

The most populated country China will have announced an innovative coins in the market cap named as the digital yuan which will be more popular and more acceptable worldwide. It will launch to destroy united state economic conditions.

[KKH84]

We know that China's ambition is to dominate the world economy, as America is doing today.  If we look closely, we will actually lead to an online life and China's strategy of wanting to launch a digital yuan is a very good idea, especially since many crypto players including exchanges were born from that country, so I think this will be a successful project.

[pelana vreo]

There are many other competing countries that are about to make new breakthroughs for digital currencies, we have seen USDT in the 5th place of coinmarketcap which is having good volume every day.
In my opinion, it is easier for America to make digital currency dollars, because Mastercard and Visa come from these countries, China still needs a lot of time for digital YUAN to be accepted worldwide, because the idea is almost the same as the Libra coin.

[Astra]

There are many other competing countries that are about to make new breakthroughs for digital currencies, we have seen USDT in the 5th place of coinmarketcap which is having good volume every day.
In my opinion, it is easier for America to make digital currency dollars, because Mastercard and Visa come from these countries, China still needs a lot of time for digital YUAN to be accepted worldwide, because the idea is almost the same as the Libra coin.

China is already far ahead of other world states in issuing its digitized currency.  The Chinese government has been doing this for over three years now and their digital yuan testing is coming to an end.  The US is just worried about China's success and has just begun to explore the possibility of issuing its national digital dollar.  Certainly, the successful launch of the digital yuan will greatly enhance China's economic and financial strength.  We'll be able to see it real soon.

[bigcash2011]

It will definitely give them an edge as technology is always beneficial to you if you know how to use it and realizing this China has taken the step to adopt digital currency and as a first mover they will have the chance to dominate global payments, remittance and transfer sector.

[hair]

Yeah. I think it depends on demand, although China has strength because it is supported by a strong ecosystem with digital Yuan, but it cannot replace the popularity of decentralized crypto without the control of any party.

[Senin]

Yeah. I think it depends on demand, although China has strength because it is supported by a strong ecosystem with digital Yuan, but it cannot replace the popularity of decentralized crypto without the control of any party.

China's economy is developing very rapidly compared to the economies of other world states. China's trade with individuals from other countries through the Internet is developing very well. The successful implementation of the digitized yuan will significantly accelerate trade in all areas. A particularly digitized yuan will have a positive impact on crowding out the dollar in the Asia-Pacific region and then beyond. I think this is what the Chinese government is striving for.

[yohananaomi]

It will definitely give them an edge as technology is always beneficial to you if you know how to use it and realizing this China has taken the step to adopt digital currency and as a first mover they will have the chance to dominate global payments, remittance and transfer sector.

Even though China is famous for its controversy, we must admit that they are a technology giant who can always keep up with the latest developments, so we can be sure that China will be able to do it one day. this is what really happens with the latest technology that is always updated from China.


if China really wants to adopt digital currency then we will see further developments that they will be able to do the best because they always work with all their heart and no games are played. whatever china does it always rarely happens something impossible can't be done. they will be able to control all digital money sectors if that happens.

[debra]

There are probabilities. We know that China is one of the big countries that have a big influence on the world. Additionally, we can also see how their concern to make their countri=y bigger and compete with the US. That is why I am also sure that they will be very serious about their Digital Yuan that may make them even bigger and more powerful.

[Proton]

I think that the transition to China's digital currency is the completion of the creation of a system of total control
Since money is an item related to the data of individuals, businesses and all other organizations, thanks to the transfer of money into digital format, the Xi Jinping government, which until now relied on denunciations, a network of security cameras and other means, provides full and comprehensive control of the totalitarian government. The Chinese Communist Party, which cannot be avoided. This will mark the completion of the formation of a public system for tracking invisible threats.

[Alter]

What makes you think that Digital Yuan makes China be more powerful?
I don't see any big reasons for Digital Yuan to improve China's economic/financial power. It is only another form of Yuan, digital Yuan and fiat Yuan. But a good thing about this digital Yuan is China knows how to follow a good potential in digital currency. It will be more flexible and easy to transfer than fiat Yuan.

[Proton]

I think no! Since the yuan is developed solely for control, it is unlikely that it will give China any strength)

[Alcor]

I think no! Since the yuan is developed solely for control, it is unlikely that it will give China any strength)

Undoubtedly, the introduction by the Chinese government of the digitized yuan will give this country great financial advantages. We know that digital money has better functional qualities than its conventional counterparts. However, it is all the same, for this it is necessary to look at the work of the digitized currencies of states in practice. A special technology is used in China, for some reason they decided not to use blockchain technology and this adds some mystery.