Reply to post: Only a challenge for the stupid

China's Digital Yuan not aimed at challenging US dollar, says former People’s Bank governor

The Man Who Fell To Earth Silver badge
FAIL

Only a challenge for the stupid

No one trusts the Chinese government, not even the Chinese. While one might argue that no one trusts the US government, the US dollars in your possesion can't be made to disappear with the ckick of a mouse. At most you can be banned from transferring them via the SWIFT system, which is inconvenient, but not fatal as both Iran and North Korea can attest.

So who is left? Any poor nation that is willing to fall into the Chinese hegemony trap accept Chinese aid which is always constructed so they'll be subservient to China ever after.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon