Save time by listening to our audio articles as you multitaskThis has not stopped the speculation about it spreading abroad. Cryptocurrency and decentralised-finance specialists say it is only a matter of time before China expands trials into markets where the country does lots of trade. They also suggest that sanctions on Russia could speed up the process.
Xi Jinping, China’s president, and other senior leaders in the country view their reliance on the American-backed global financial system as a chronic weakness. America has demonstrated recently that it is willing to cut foreign banks off from the most important global financial messaging system,, which is based in Belgium, to stop doing business with several Russian banks after Vladimir Putin’s invasion of Ukraine.
But there is still important global work to be done in the coming year. The initial deployment of China’s digital currency has spurred the development of a handful of payments platforms around the world, some of which are linked to the. China’s central bank, for example, joined a project with the central banks of Hong Kong, Thailand and thethat is developing a wholesale clearing system for cross-border payments called mBridge.
will not be the first.
we pay for everything by WeChat and instead of e-CNY indeed.
MAGA Republicans could boost e-CNY when they stop paying interest on U.S. securities this summer. Or maybe Jack Smith will throw a wrench into Republican plans to crash world finance by indicting Trump, Meadows, Gaetz, Gosar, Biggs & Perry
This is the end game….. Get Bitcoin before your country does the same
Buy your Bitcoin now!
Expect a major hack and subsequent collapse in 3… 2…