China has plans to launch a digital currency, DCEP. This will be a digital version of the Chinese currency yuan. It will be controlled by the central bank of China, thus by the Chinese government and the Communist party.
In my mind, there is no need to explain why nobody in the free world should use this currency, as it is controlled by communists. Using it would also mean transferring personal data to China, so it would be illegal for any controller of personal data in the EU/EEA to use it. I hope the DCEP will be a complete faliure.
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