Will China’s Crypto Yuan be Used for Retail Payments or Mass Surveillance?

crypto yuan china

China’s blockchain drive has been about one thing: getting its people used to a state-backed crypto asset. The People’s Republic is determined to get its crypto yuan out as soon as possible and bankers have stressed that it will be for retail use. Knowing China, there could be other motives. Crypto Yuan Nears The former governor of the People’s Bank of China, Zhou Xiaochuan, has been discussing possible implementations of the crypto yuan. According to

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