3/ the political battle lines are being drawn.
dig this: over 1 BILLION Chinese consumers will be transacting in digital yuan before the West (EU, US) can even write POLICY GUIDANCE 🤯😤🤯
the race for digital money is on. and we are LOSING.
How would the technicals work on this if vechain is being used in any way? They stated that this is a centralized, private blockhain, I just can't see them trusting their national currency with anyone but themselves.
Important warning from the article:
“Mere hours after DCEP has been announced, various (potentially scam) Chinese exchanges have listed IOUs or knock-offs clones of DCEP. It’s important to know that DCEP is currently only distributed to banks working with the PBoC and will not be available for the public. If you want to find out what are reputable exchanges, check out our top cryptocurrency exchanges guide. It is strongly recommended NOT to trade DCEP until it is officially released as there is no guarantee exchanges have access to the digital currency.”
It was stated in the live ama. It's over 6 hours of video so I don't feel like parsing through it to send you an exact timestamp.
People reacted to it on twitter as well. Here is such an example: