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Further Discussions => Legality & Taxation of Cryptos => Topic started by: sirty143 on June 23, 2020, 05:45:52 AM

Title: Digital Yuan’s Backend Development Complete, Says Chinese Official
Post by: sirty143 on June 23, 2020, 05:45:52 AM

Digital Yuan’s Backend Development Complete, Says Chinese Official

(https://i.imgur.com/n3zM3jMl.jpg)

A former senior official of the People’s Bank of China said that the country has completed the backend architecture development of its digital currency. See more for yourself here (https://cointelegraph.com/news/digital-yuans-backend-development-complete-says-chinese-official).

Your opinion is greatly appreciated.

Title: Re: Digital Yuan’s Backend Development Complete, Says Chinese Official
Post by: Noverteno on June 23, 2020, 07:31:38 PM

I think the Chinese government will not hesitate to officially release its digital renminbi. They understand the advantage of using the central bank’s digitized currency in such a large and powerful state. This is a good trump card in the yuan war with the dollar. Although the dollar is already predicted to fall for other reasons, this may be an additional reason for its fall.