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Cryptopolitan 2020-01-05 05:11:39

Chinese digital Yuan can facilitate mass surveillance: Yuanjie Zhang

Chinese digital Yuan has been in the news all throughout 2019. And this year too, it is going to make headlines along with other prominent topics like Facebook’s Libra and Bitcoin’s price. While Chinese digital Yuan will serve many crucial purposes, it will also likely be a tool to circumvent global conventional financial systems. Now, that doesn’t sound positive for regulators worldwide. Most authorities across the world are ramping up their efforts to bring virtual currencies under their surveillance. However, voices in the industry argue that China’s virtual Renminbi can also find use as a tool to beat conventional financial

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