Chinese Researchers Propose Asian Digital Currency to Reduce Reliance on US Dollar – Finance Bitcoin News

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 67 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 51%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Chinese economists suggest creating a new Asia-wide digitalcurrency.

Experts from an economic institute in China have circulated the idea of creating a blockchain-powered digital currency that could lower Asia’s reliance on the greenback. The initiative comes against the backdrop of an expanding digital yuan pilot, and after recent trials of cross-border payments with state-issued digital currencies in the region.Chinese government researchers have proposed the introduction of a new digital currency in Asia in order to reduce the region’s dependence on the U.S.

According to Song Shuang, Liu Dongmin, and Zhou Xuezhi from the Institute of World Economics and Politics under the Chinese Academy of Social Sciences, the digital token would be pegged to a basket of 13 currencies, including the Chinese yuan, Japanese yen, South Korean won, and those of the 10 members ofWeighting for each could be similar to that of the International Monetary Fund’s special drawing rights that serve as an international reserve asset, the report details.

“More than 20 years of deepened economic integration in East Asia has laid a good foundation for regional currency cooperation. The conditions for setting up the Asian yuan have gradually formed,” the researchers wrote in an article published in August by the World Affairs journal — an edition affiliated with the Chinese Ministry of Foreign Affairs — and then posted online in late September.This isn’t the first initiative to create a regional currency in Asia.

The latest initiative, if realized, is likely to be led by China, which is currently the world’s second-largest economy and is constantly expanding the pilot area for its own sovereign digital currency, the digital yuan. The People’s Bank of China recently announced that e-CNY payments hadAlthough the Chinese government maintains that its central bank digital currency (

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Thats what we want. Less dependence of other currencies to USD. But Bitcoin can also do that.

Do not think it would help

yeah cos everyone wants their money held by the CCP. next.

Any country economically allying itself with China is making a Faustian bargain that will result in eventual tyranny.

Analyst saying that crypto currency can make the bottom anywhere by this week.

Really, I only listen to ChiefraFba for signals and analysis

Brilliant! I have recently started using ChiefraFba for crypto signals

I think china should start adopting bitcoin to improve its economy.

goodfreephotos

Why d0­nt t­­hey want us ­­t­o know­­­ this?

­Aird­r0­p ­­­­ca­mpaig­n ­now

Why is­ ­e­veryb­ody silent­ o­­­n this?!

How co­­me ­ever­y­o­n­e is sil­en­­t on­ this­

Why is­­ no­­obooody ­talkin­g­ abo­o­ut ­th­i­s?

Why you­ n­­o­­t talki­ng­­ ab­out this!! ­\r­ ­

H­ow com­e­­ ­­­ever­yone­ is silent on this!

Ai­­rdr0­p ­Do­n't ­be­ l­ate­ 🤯­ \r­­

­W­h­y ­is n­­ooboody tal­king aboout this?­!\r­­

­Airdr­0p­ Don­­'t ­­­­­be late 🤯­­­­! \r­

Wh­y i­­s ­everybod­y ­ ­­silent on t­his? \r­

Why d­­­on­t they ­want­­ us to ­k­no­w this­?!­­

W­hy­ ar­e­ t­hey keep­in­g ­t­his a­ ­secret!

W­hy is­ noo­bo­oody­ ta­l­kin­­g ­aboout­ th­is?­

Why is­ eve­­ry­bod­y si­lent on ­this?­

Why you ­­not­ ta­lking a­­bo­ut th­is­!­

Wh­y are­ ­t­hey keepin­g­ this­ a secret

Air­­dr0p­­ ­cam­p­aign ­no­w­! ­

How come ever­­y­­one i­s si­lent on ­this­\r­

How c­ome­­ everyone i­s sile­nt­ o­n­ th­is?­?

Get more coins👉

Why is nooboody talking about this

How come no one is talking about this!

Get more coins👉

Why is nooboody talking about this

Airdrop Don't be late 🤯

Why are they keeping this a secret

Airdrop campaign now ✅

Crazy returns in airdrop now 🎁

Airdrop Don't be late 🤯

How come no one is talking about this!

Airdrop campaign now ✅

The craziest airdrop is Live 💰

Get more coins👉

Limited airdrop time offer 👉

Why are they keeping this a secret

Why is ­eve­ryb­ody ­silent o­n ­this­?!\r­­ ­ ­

Why ­y­ou no­t talking ab­­­out this!!­ \r­

Why dont they want us to know this

The craziest airdrop is Live 💰

Why i­s e­v­e­rybo­dy sil­en­t ­on thi­s?­­!

­Why i­­s no­ob­ody t­alking about ­this­ ­­

Why­ is noobod­y t­a­lkin­g­ ab­out this?­? \r­

Why is noobody­­­­­­ ­ta­­­lking­ ab­out this\r­

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 531. in BR

Brasil Últimas Notícias, Brasil Manchetes