Posted inChina

Why China’s digital yuan is ‘a dictator’s dream’

China’s President Xi Jinping last month enthusiastically endorsed blockchain technology, generating much excitement in the global crypto community. However, a subsequent crackdown on crypto traders by the People’s Bank of China has made it clear that Beijing’s fondness for such revolutionary technology does not extend to digital assets created by non-state actors. This is particularly true of decentralized cryptos that are designed […]

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