—”The ability to expire, track, withdraw, or inflate CBDC is anathema to the objective of cryptos and the blockchain.”
China Creates Its Own Digital Currency, a First for Major Economy
A cyber yuan stands to give Beijing power to track spending in real time, plus money that isn’t linked to the dollar-dominated global financial system
Yeah...and they can expire their DY. So, imagine getting paid Friday with the caveat that you MUST spend it within 60 days. No savings...
No one with any wealth in China wants to go to that.