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Home VIDEO NEWS FROM AROUND THE WORLD

Could China Dethrone The U.S. Dollar With A Digital Yuan?

by 198 China News
August 17, 2021
in VIDEO NEWS FROM AROUND THE WORLD
1 min read
42
Could China Dethrone The U.S. Dollar With A Digital Yuan?
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The U.S. greenback stays the world’s de facto financial reserve, however with China going full pace forward with its digital yuan, that may very well be in jeopardy. Researchers are digging into regulated on-line cash known as Central Financial institution Digital Currencies, or CBDCs, and what that would seem like within the U.S.

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May China Dethrone The U.S. Greenback With A Digital Yuan?

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Tags: Chinachina newschina news englishchina news todayDethroneDigitalDollarglobal newsglobal news todayglobal trade news 2021global trade news todaytrade news chinatrade war news chinaworld china newsworld news china and usYuan
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Comments 42

  1. robb1324 says:
    2 years ago

    … Except that the Fed isn't made up of elected officials. So really you as an everyday citizen have absolutely no say in monetary policy. At least with most major cryptocurrencies, users get to vote on monetary policy.

    Reply
  2. kevin bacon says:
    2 years ago

    This guy must be so stupid, yuan is communist currency which means its worth less than 0

    Reply
  3. onepunch oldman says:
    2 years ago

    The day the whole world celebrate!!!!!!

    Reply
  4. Ernie García says:
    2 years ago

    The world: how privacy is the CBDC?
    U.S./China: What is privacy?

    Reply
  5. Raoul Duke says:
    2 years ago

    CBDC seams like a way for governments to track where and how citizens are spending money. This could be good for stopping money laundering, tax evasion and other crime but I expect an authoritarian government like china to use it in a Orwellian way.

    Reply
  6. Boarlaw Attorneys At Law says:
    2 years ago

    Congratulations China. This is the beginning of the end of the USA dollars as a reserve currency

    Reply
  7. Alexis Miller says:
    2 years ago

    It needs to be integrated into Google Pay and Apple Pay. If it's a separate app it will not succeed.

    Reply
  8. Grandmaster B says:
    2 years ago

    China needs a legit currency to displace the US dollar as reserve currency as it will be the top superpower in the future. Once the US dollar fails … as all fiat currencies eventually do after a printing spree … they won’t be able to find the military. Look what happened to the USSR in 1989.

    Reply
  9. craig craig says:
    2 years ago

    Yes it can

    Reply
  10. V C says:
    2 years ago

    Block Chain?

    Reply
  11. ioka ken says:
    2 years ago

    Why your America people unconfident!?

    Reply
  12. Annette Sanchez says:
    2 years ago

    The few fierce school unknowingly stain because knife conceptually impress around a thin lycra. married, meek attention

    Reply
  13. Un Vagabundo says:
    2 years ago

    2030

    Reply
  14. M. A. E AF. says:
    2 years ago

    That was a good point. ' We trust AT&T AND CASH UP WITH OUR PERSONAL DATA ' But not our government who keep us safe……

    Reply
  15. eWorkNOW says:
    2 years ago

    Don't know how I stopmed onto this. Anyway GREAT clip 🤩🤩🤩. I also watched those rather similar from MStarTutorials and kinda wonder how you guys make these clips. MSTAR TUTORIALS also had amazing information about similiar make money online things on his vids.

    Reply
  16. Leo Tjoa says:
    2 years ago

    I think will.be WW3 to prevent Digital Yuan, China is no Iraq or Libya easily destroyed by Fed owners

    Reply
  17. Forever555 says:
    2 years ago

    CBDC is bad…. They don’t mention that China puts expiry dates on their digital money. That means if you don’t spend it by certain time you loose it!

    Reply
  18. ioka ken says:
    2 years ago

    Yes, Yes, Yes ! Why not?

    Reply
  19. Tonkotsu Ramen says:
    2 years ago

    For any currency to become the dominant current of the market there needs to be trust from mass users…. China will not be able to obtain that based on its current government’s ways of doing things.
    Just look at how Chinese Communist government is able to make Jack Ma’s wealth disappears literally over night . Dig deeper and look at how foreign companies doing business in China have lost more than money over time, they lost intellectual properties and none of them can trust the Chinese Communist government to do the right thing.

    Reply
  20. Universal Liberty says:
    2 years ago

    Ppl has no idea here, the digital RMB is created to control the chinese citizen. Ever transaction will be monitored by the chinese govt!

    Reply
  21. Lotus Vines says:
    2 years ago

    It's a trap. Digital currency will only invite anonymous payments to terrorists

    Reply
  22. Jn Sr says:
    2 years ago

    Bitcoin vs Fiat. Fiat will lose. That is why the fed is so worried.

    Reply
  23. Solomon Réal says:
    2 years ago

    why does everything have to fight?

    Reply
  24. Xavi M B says:
    2 years ago

    Both are just centralised shitcoins. Bitcoin is the future. Fiat is the past.

    Reply
  25. Joseph Dwyer says:
    2 years ago

    Instant and possibly fee free! Not.

    Reply
  26. C2S ART INK PRINT HUB says:
    2 years ago

    I could not understand this video .. why? it talks about China dethrone.. but it discuss the bit coin and US application in central digital currency? so how the digital yuan will win over the physical reserved?

    Reply
  27. Build back Better says:
    2 years ago

    The best way is providing fin tech solutions and maintaining the coexistence of the traditional currency like cash etc.

    Reply
  28. oshiawase ni says:
    2 years ago

    Does anyone worry about what will happen to all those bank fees? We should feel bad for the banks!

    Reply
  29. J Lin says:
    2 years ago

    The thing is, as for electronic payments in China now, the government requires all national to be “registered” in order to use it. You can make transactions domestic and abroad. However, if you are foreign or not registered no way using it outside of China. So how’s it gonna work worldwide? The regulations.

    Reply
  30. Mamadou Barry says:
    2 years ago

    It seems as if banks won’t really be affected by the implementation of a digital currency being that it mentions in the video it mentions that in order to access the digital yuan you have to sign up with your bank

    Reply
  31. Everything Battletech says:
    2 years ago

    CNBC getting on their knees fornthe CCP. Disgusting

    Reply
  32. Sketch This says:
    2 years ago

    Buys more silver coins

    Reply
  33. AmazingSpots of cities says:
    2 years ago

    thats how government jobs work here . take 20 years of planning and then they decide to scrap it. what waste of tax payer money…. take years if not decades to fix the road ….

    Reply
  34. mrPmj00 says:
    2 years ago

    AMAZON:
    Yep, I bought a ton on the dip.

    Amazon invested $14 billion in the last quarter alone, the same as it spent in 6 months before that. It is a do not sell stock.

    …With the Delta virus coming at full speed ahead, pandemic sales will make a comeback.

    Amazon is investing so much money, that no competitor will ever be able to catch up.

    Amazon's not going anywhere so I know that eventually it will come back.
    Fidelity considers Amazon as a large growth company (probably because as big as it is, it still only has 7% of the retail market)

    Get on board or be runover, it's up to you.

    Reply
  35. Nick Risca says:
    2 years ago

    🤣😅🤣😅🤣

    Reply
  36. Perseus Arkouda says:
    2 years ago

    1:32 HAHAHAHA Yeah, CCP is really worried about privacy. HAHAHAHAHA

    Reply
  37. Yummy Spaghetti Noodles says:
    2 years ago

    "But the digital Yuan is different. It doesn't rely on physical money."

    WHAT REALLY 🤯 OH MY GOSH NEITHER DOES BITCOIN 😂😂😂

    Reply
  38. Ananda Zenit says:
    2 years ago

    Gov: Digitize it's own currency
    Hackers: *Sinister smile*hehehe boi…
    🤪

    Reply
  39. POINTMAN says:
    2 years ago

    So government regulated Cryptocurrency… Talk about a juxtaposition.

    Reply
  40. Lord Lee says:
    2 years ago

    It’s really not clear whether digital yuan can take away dollar hegemony. But the trend is US increasingly copies from China or reacts to Chinese initiatives. And the funny thing is every time US loses a race, it will bring out the phrase “quality over speed”, except it’s got neither quality nor speed

    Reply
  41. Aotearoa Excubitores says:
    2 years ago

    Well if you talk to me, USD isnt even a currency that is backed by tangible assets. It is relying heavily on trust towards the performance and debt structure of the US financial system. Most of today's money is printed & distributed DIGITALLY anyway with less than 10% of real paper money in circulation. This is a good way to detach our reliance on USD and weakening the overpowered US influence in the financial world. Hopefully eurozone & AUD would also do the same. I put more faith & trust in both than the USD to be honest

    Reply
  42. Eric Liu says:
    2 years ago

    They wish lol. US has avengers.

    Reply

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