The Future of Cryptocurrency China's Entirely Digital Currency Explained DCEP - TLDR News

2 Views

01 Nov 2020

Russia's Oil Spill a https 3A 2F 2Fyoutu be 2FfVeXn xFxK8 a 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 Follow TLDR on Facebook a http 3A 2F 2Fwww facebook com 2Ftldrnewsuk a Follow TLDR on Twitter a https 3A 2F 2Ftwitter com 2Ftldrnewsuk a Follow TLDR on Instagram a http 3A 2F 2Fwww instagram com 2Ftldrnewsuk a Discord a https 3A 2F 2Fdiscord gg 2FBMrk6MC a TLDR TeeSpring Store a https 3A 2F 2Fteespring com 2Fstores 2Ftldr-summer-2020 a Support TLDR on Patreon a http 3A 2F 2Fwww patreon com 2Ftldrnews a Donate by PayPal a https 3A 2F 2Ftldrnews co uk 2Ffunding a TLDR is all about getting you up to date with the news of today without bias and without filter We want to give you the information you need so you can make your own decision TLDR is a super small company run by a few people with the help of some amazing volunteers We are primarily fan sourced with most of our funding coming from donations and ad revenue No shady corporations no one telling us what to say We can't wait to grow further and help more people get informed Help support us by subscribing following and backing on Patreon Thanks 1 - a https 3A 2F 2Fcointelegraph com 2Fnews 2Fthe-digital-yuan-is-being-tested-for-a-workers-subsidies-scheme-in-suzhou a 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 - a https 3A 2F 2Fwww dailystar co uk 2Fnews 2Fworld-news 2Fchina-destroys-600-million-cash-21520944 a 4 - a https 3A 2F 2Fwww youtube com 2Fwatch 3Fv 3DXvJnTQjdC-E a 5 - a https 3A 2F 2Fcointelegraph com 2Fnews 2Fformer-bank-of-china-president-says-digital-yuan-can-replace-cash a 6 - a https 3A 2F 2Fwww youtube com 2Fwatch 3Fv 3DXvJnTQjdC-E a 7 - a https 3A 2F 2Fwww ft com 2Fcontent 2Fbf2f588e-ef63-11e9-a55a-30afa498db1b a 8 - a https 3A 2F 2Fwww imf org 2Fen 2FPublications 2FGFSR 2FIssues 2F2019 2F10 2F01 2Fglobal-financial-stability-report-october-2019 a 9 - a https 3A 2F 2Fwww thebalance com 2Fworld-currency-3305931 a 10 - a https 3A 2F 2Fwww marketwatch com 2Fstory 2Ffeds-balance-sheet-tops-7-trillion-shows-increased-buying-of-corporate-bond-etfs-2020-05-21 a 11 - a https 3A 2F 2Fwww newstatesman com 2Fpolitics 2Fuk 2F2020 2F04 2Flack-global-political-order-making-unprecedented-economic-shock-even-greater a