China definitely wants to push Digital Yuan, and it wants other nations to transact in Digital Yuan. As long as it sees crypto as a threat to Digital Yuan, you can forget about crypto there.
Unlike the leaders of most countries (large and small alike), the leadership of China has both the determination and the force of will to make Digital Yuan a reality. As I've said elsewhere, the leadership of China plays for keeps. They also don't mind if their rivals/opponents/enemies shoot themselves in the foot and groin and eye socket before they swoop in to finish the job.
Posted Using LeoFinance Beta
And they have a massive user base under their control too so they can get things rolling easier than anyone else
Posted Using LeoFinance Beta
Massive user base or not, the government there has the guns. Use Digital Yuan, or else....
Posted Using LeoFinance Beta
Yea and they are trying to stop any medium to convert the digital yuan in China. Limits on gold and precious metals. Get rid of crypto so that is another way to remove the transfer of funds elsewhere.
Posted Using LeoFinance Beta
China will still be a major buyer of gold and silver and other metals (precious and base), but what happens after that is another matter altogether.
Posted Using LeoFinance Beta
Yes but they don't want the normal citizens to buy those metals.
Posted Using LeoFinance Beta
That's a shame. It's too bad they can't tell the government they're freaks so that it doesn't apply to them.
Posted Using LeoFinance Beta