Tag: Digital Currency
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Anxiety in the US as China Creates the First Major Digital Currency
A cyber yuan gives Beijing power to track spending in real time. Importantly, it’s money that isn’t linked to the dollar-dominated global financial system. Cyber Yuan vs Bitcoin and Altcoins The cyber yuan is a government-sponsored digital currency designed to track the movement of every penny. Bitcoin promotes anonymity. Apps like Apple Pay, Venmo, Paypal,…