TODAY (1/30) @ 8pm EST, join #DCG201 Co-Founder Sidepocket for #CryptoBarons 💹 as we wrap up #ChineseNewYear🧧looking at #eYuan, the digital finance platform #China is using to replace #cryptocurrency...and why the #USA will be next!

Watch on #Twitch, #YouTube, @peertube, @torproject & @odyseeteam: https://linktr.ee/defcon201

#blockchain #defi #centralizedexchanges #fiat #banking #finance #China #RMB #renminbi #DCEP

Hedge Fund CIO: China's Attempt To Crush Digital Assets Has Backfired Spectacularly

https://www.zerohedge.com/markets/hedge-fund-cio-chinas-attempt-crush-digital-assets-has-backfired-spectacularly

"The US dollar is the world’s reserve currency. 59.2% of all official foreign exchange reserves are held as US dollars. [...] 2.6% are Chinese renminbi.""

"Some reserves are held in gold. Someday, there will be digital asset reserves too."

#Bitcoin  #ReserveCurrency #USD #Stablecoin #CNY #Yuan #CBDC #DCEP China 🇨🇳 #ZeroHedge

This is why China finally halted its bitcoin boom

https://www.wired.co.uk/article/china-ban-bitcoin-cryptocurrencies

"From Beijing’s point of view, to allow the coexistence of the Digital Chinese Yuan with any other virtual asset doesn’t make sense."

"China was interested in 'avoiding competition [from] cryptocurrencies'.”

#Bitcoin  #CBDC #DCEP #DigitalYuan #Yuan #CNY #RMB #DeFi #MiningBan #CCP #Beijing #China 🇨🇳

A Central Bank Digital Currency (#CBDC) will make an excellent on-ramp (into #bitcoin ) and off-ramp (from bitcoin), assuming it can be transferred from one user to the next (i.e., #P2P) -- like how you can send to most anyone using Cash App or PayPal.

P2P trading platforms like #HodlHodl and @Bisq will like.

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The U.S. Is Losing the Global Race to Decide the Future of Money—and It Could Doom the Almighty Dollar

https://time.com/6099105/us-china-digital-currency-central-bank

#DCEP #Stablecoin #CrossBorder #China 🇨🇳 #CNY

Kyle Bass talks China's digital currency

https://www.youtube.com/watch?v=vbVd7lK2Oc4

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Watch Kyle Bass On The "Cancer" Of China’s New Digital Currency

https://www.zerohedge.com/economics/watch-kyle-bass-cancer-chinas-new-digital-currency

"Kyle Bass breaks down the threat of a new Chinese digital currency and how the regime could force countries to use it."

#Bitcoin  #BTC #CBDC #DCEP #CentralBank #CNY #Yuan #RMB #Renminbi #USDCNY #BTCNY #China 🇨🇳 #ChineseCommunistParty #CCP #KyleBass #HaymanCapital #HaymanCapitalManagement #DigitalCurrency #Financial #Surveillance

Cryptos Are a Threat to Central Banks. Why It Goes Beyond Bitcoin.

https://www.barrons.com/articles/cryptocurrency-is-threatening-the-role-of-central-banks-why-governments-must-go-crypto-51619814196

"Central banks are looking at stablecoins the way that taxi unions look at Uber—as an interloper and threat."

"If people aren’t using your money, you have a big problem."

"Central banks have to be part of this game."

#bitcoin  #CBDC #CentralBankDigitalCurrency #Stablecoin #DCEP #DigitalCurrencyElectronicPayment #China #US #USA #UnitedStates #USD #FederalReserve #CentralBank #Privacy #Barrons

China's Digital Currency Has Nothing To Do With Bitcoin

https://www.zerohedge.com/crypto/chinas-digital-currency-has-nothing-do-bitcoin

"The digital Yuan is not a peer-to-peer currency."

"The digital Yuan permits a new method for surveilling the population."

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Chart: China First Major Economy to Issue Digital Currency
https://www.statista.com/chart/24571/central-bank-digital-currencies-around-the-world

#Bitcoin   #Onramp #Offramp #China #Chinese #DCEP #CBDC #CNY #Yuan #DigitalYuan #DigitalCurrency #CNY #Statista #ZeroHedge