The use of the e-CNY, or digital yuan, is now being expanded beyond the purchase of consumer goods. Beijing has cracked down on other cryptocurrencies such as bitcoin and instead seeks to provide its own alternative.
This is true, but also the alternative in a state that allows any digital transactions is corporate control. So if there is to be any digital transactions, and money is just numbers on paper or a computer anyways nowadays, it's better to have it centralized under a commie-run government than the capitalists.
This is true, but also the alternative in a state that allows any digital transactions is corporate control. So if there is to be any digital transactions, and money is just numbers on paper or a computer anyways nowadays, it's better to have it centralized under a commie-run government than the capitalists.