With how the Chinese government is forcing companies to delist their stock, I don't really see how people are going to be confident in the yuan. After all, it doesn't bode well when the companies are forbidden to have foreign investments. So I think the digital yuan will be very successful within China because that is what they will be using daily but I doubt other governments would want to use their their currency either.
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The recent actions of the CCP certainly do not enhance what was already looking like a difficult situation.
Thus I agree, there is little reason to be highly optimistic about the prospects of what they are developing.
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I don't think any digital currency based on another Fiat currency is going to take over the world except those based on USB because that's a currency already used worldwide.
A digital € would not be used outside of Europe. Especially not for daily payments
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