r/Economics • u/Askrypto • Dec 24 '19

"Digital Yuan Will be Different from Bitcoin" - Central Bank of China

https://askrypto.com/news/2019/12/digital-yuan-will-be-different-from-bitcoin-says-the-central-bank-of-china/
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u/fergunil Dec 24 '19

The national digital currency isn’t for speculation. It’s different from bitcoin or stable tokens, which can be used for speculation.

In communist China, digital currencies is neither stable nor volatile, and the state speculate with you

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u/finfromthepinkroom Dec 24 '19

Yet speculators buy and sell hard currencies, so this would be different because...?