China announces crypto-currency as their official coin
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27th January 2021, 10:18 AM
Join Date: Oct 2005
Location: Oregon, USA
Originally Posted by
China IS planning to move to a digital currency but not via a blockchain. It is the opposite of a crypto currency being totally under the control of the central bank and every transaction subject to scrutiny (ideal for totalitarian states).
A digital currency issued directly from central banks would be an ideal setup (it would simplify government payments).
However, without some sort of decentralization and anonymity it isn't likely to gain much acceptance
You mean like Visa and Mastercard failed to gain much acceptance?
Knowing that we do not know, it does not necessarily follow that we can not know.
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