January 20, 2022

The Future of Cryptocurrency? China's Entirely Digital Currency Explained (DCEP) – TLDR News

Russia’s Oil Spill: https://youtu.be/fVeXn_xFxK8

Earlier this year China started a closed trial of their new entirely digital currency, Digital Currency/Electronic Payment (DCEP). Linked to the Yuan, the DCEP is China’s attempt to broaden it’s influence and limit the proliferation of cryptocurrencies. In this video, we explain the DCEP, the pros and cons and why China want to implement it so badly.

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1 – https://cointelegraph.com/news/the-digital-yuan-is-being-tested-for-a-workers-subsidies-scheme-in-suzhou
2 – https://www.scmp.com/economy/china-economy/article/3083952/what-chinas-cryptocurrency-sovereign-digital-currency-and-why#:~:text=The%20digital%20yuan%20is%20part,by%20the%20country’s%20central%20bank
3 – https://www.dailystar.co.uk/news/world-news/china-destroys-600-million-cash-21520944
4 – https://www.youtube.com/watch?v=XvJnTQjdC-E
5 – https://cointelegraph.com/news/former-bank-of-china-president-says-digital-yuan-can-replace-cash
6 – https://www.youtube.com/watch?v=XvJnTQjdC-E
7 – https://www.ft.com/content/bf2f588e-ef63-11e9-a55a-30afa498db1b
8 – https://www.imf.org/en/Publications/GFSR/Issues/2019/10/01/global-financial-stability-report-october-2019
9 – https://www.thebalance.com/world-currency-3305931
10 – https://www.marketwatch.com/story/feds-balance-sheet-tops-7-trillion-shows-increased-buying-of-corporate-bond-etfs-2020-05-21
11 – https://www.newstatesman.com/politics/uk/2020/04/lack-global-political-order-making-unprecedented-economic-shock-even-greater