At a time in which the trade war continues to intensify and China continues to clamp down in terms of its capital controls, this move to a digital currency China is yet another step to break the reliance on US Dollars as a global currency reserve. Digital currencies like this will begin to offer increasing cross-border exchange capability that will surely begin to supplant traditional financial systems.
A senior official at the People’s Bank of China says the country’s digital currency is ready after five years of research
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The de-dollarization is gaining momentum. Expect massive hyperinflation in the U.S. as more dollars are getting dumped and returning to the U.S.
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