The new Chinese digital currency is NOT cryptocurrency. It’s just digital fiat currency but it bypasses the banking system, and transacts with the treasury. This is the future of fiat currency. The only difference I see is (Singapore method) allocating money to purpose accounts.
Source date (UTC): 2021-08-09 17:20:28 UTC
Original post: https://twitter.com/i/web/status/1424782647008677888
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