Chinese National Cryptocurrency Turns Out Not Being an Actual Crypto
China is coming out with its own cryptocurrency. The People's Bank of China has been working on this for three years.
As it turns out, it is not quite a cryptocurrency. The new digital asset will not be decentralized. Instead, it will have the centralized control that China, along with the entire banking sector is accustomed to.
This is another misleading attempt taking by the established banking system to confuse the general public.
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Well did you really expect them to give up their power of controlling the money system ? They are going to do anything to protect that power :D