CHINA

What do they mean by this?

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So it would be a stable coin?

They still don't understand that Bitcoin is the equivalent of a financial nuclear bomb targeting government controlled economic systems. Just because the blast hasn't entirely killed the system yet doesn't mean it's not happening.

No, it's a volatility maximized coin

Whats the fking point of that?? Figital coin backed by gov, fking hell this is worse than physical fiat cash, atleast paper has some value

the point is to avoid us sanctions and denial of service in international wires

if i was them i would call them golden dragons 1 coin = 1 oz of 9999 gold

>government has centralized control
>government prints as much as they want
>not provably scarce
How is this any different from the money in a bank account?

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international trade free of us control? yeah that's not a big deal right? who would want that?

>thinking anyone on the planet earth is stupid enough to accept fake virtual chink bux

so you are saying nobody accepts tether?

you retards don't realise this is the same as fiat except digital... nothing will change here except it's easier for govt.

>nothing will change here
except us global power gets further marginalized

Nobody, since they've had the opportunity to break away from the US for decades and nobody does it. Turns out, as retarded and mercurial as the US is, the rest of the planet vastly prefers them to China or Russia or Britain or France.

They are going to kill the outdated Jewish "dollar" with the CHAD Digital Yuan.

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well about 2/3 the planet wants us control go to hell but they still prefer the usd to any other currency. herein lies their problem so far usd came with us oversight and permission.

chinks seem to hope crypto will change that.

It won't. The currency is access to its host economy, crypto has no host economy.

The point is to not end up on the hook of the globalists. Usury has always been their WMD.

well a chink state issued crypto will have a host economy you dumb nigger

are you some sort of special care child? can you actually read the news you are commenting on?

It means america should do it first but we are too retarded

A host economy that's export-led, same as everywhere else on the planet, except the US. That's the reason why their economy has remained dominant: it has a consumer base.

lol chinas internal market today is quiet considerable. but again this shit is specifically made to wire money back home from abroad sales avoiding dependence on third parties.

they are also hoping to make legs as international settlement for pariah states in direct competition to the usd.

it means that theyre trying to push it hard
its still fiat but worse they can 0 your account at any time because only they have access to bc data

NEVER openly challenge the dollar. It's what attract the goblino's attention to you.

>lol chinas internal market today is quiet considerable

No, it's not. It's a joke of a domestic economy, less than 25% of the size of the US despite Chinese GDP being about 60% of US.

Too bad Brave too the ticker BAT

well 25% of the us is quiet considerable. that's a few times bigger than russia.

It's objectively not enough to contest the US, or undermine it, or any of the wacko shit people talk about when referencing Chinese world domination plans.

yet you mean, this is a long play from the chinks. also you underestimate chinas internal market it's actually the exports that's 20% not the other way around. it's about 75% the us economy in total size.

It's as fantastic as having a lump of gold