Reply to post: Re: "And then there’s the Digital Yuan"

China all but bans cryptocurrencies

lglethal Silver badge

Re: "And then there’s the Digital Yuan"

It's a distributed ledger that doesn't depend on a single potentially untrustworthy authority.

I wonder why Xi would support the use of Blockchain? Because one thing that the Chinese government loves is to be that single potentially untrustworthy central authortiy. For everything.

Blockchain would seem to be the antithesis of everything the Chinese Government does. Slightly strange that Xi would be talking it up...

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