Reply to post: Re: "Replacing the US dollar’s role in international trade is not China’s plan"

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

Anonymous Coward
Anonymous Coward

Re: "Replacing the US dollar’s role in international trade is not China’s plan"

They also blocked precious metal purchases (at least for a while) because they were moving/forcing some people over to the digital currency (bills are auto deducted without your permission) that wanted some tangible assets to hold onto. Very interesting and scary way of implementing strict controls on people. Imagine no cash, only digital. No giving the neighbor kid a couple bucks for yard work, no tipping a couple dollars for that good service you got. In a car crash - your expenses are auto deducted from your government account. Doesn't sound great for humans to me.

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