But Li reiterated that the PBOC is focused on the domestic use of the digital currency.
"For the internationalization of renminbi, we have said many times that it's a natural process and our goal is not to replace U.S. dollar or any other international currency," Li said. "I think our goal is to allow the market to choose and to facilitate international trade and investment." A digital Chinese currency red packet is seen on a mobile phone in an arranged photograph as Chengdu city starts to distribute 200,000 E-CNY 'red packets' worth 40 million yuan on February 24, 2021 in Yichang, Hubei Province of China.— including those from Thailand, the United Arab Emirates and Hong Kong — to explore the use of the digital yuan in cross-border trade.
"Our focus again is that we want to establish a very solid domestic e-CNY first, and build up a healthy ecosystem. At the same time, working with our international partners. Hopefully, in the long term, we have a cross border solution as well," Li said.
Very good reason for everyone in every country to boycott the Beijing winter Olympics
Important thread about batteries and CO2:
Why the world isn’t standing up to China’s monopoly behaviour. First controlled the WHO to suppress information, then making the entire world fight COVID bleeding cash and now working ahead of others on Crypto currency.
😄
kuku27 Chinese digital currency has wide spectrum but how it could be used out of China to cover greater area as in US currency
Thank God for bringing bitcoin to man, it has being a great source of blessing to all of man kind who have passion for bitcoin trading. Now the poor are getting rich over night and the rich getting richer. Samuelleachhfx thank you for your proper management,🙏🏻🙏🏻
Yeah I trust that
Unless they open their capital controls their currency won’t matter. If they do open up, all their wealth will come to the US. Either way, US wins
Planet Earth: Be prepared to be fleeced.
A Chinese digital currency; sounds real secure lol
Yen wont make a good digital currency
No ones going tho lmfao!
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