From Channel News Asia. Digital yuan can be much easier to use + 0% fees, but the government can control Chinese people freedom even more aggressively, every single of your transaction will be monitored by china.

Digital yuan is 100% government currency, there is no 3rd party like Alipay or WeChat. You need to verify your ID card, get facial recognition and voice recognition to gain access to this new currency. When it’s ready to use for the public, government will force you to use it. You don’t have any other choice, maybe soon all the citizen’s paycheck, salary, loans will be processed by this new digital yuan.

What will be new monetary system?

#Gold
Cashless [no more paper #money]
#CBDC
#IMF #SDR
#Ripple #ODL / #XRP
#DLT
#blockchain

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