China's Digital Currency, Electronic Payment (DCEP)
In this video, we discuss China's digital currency, its advantages and risk for regular users and in terms of marketing.
China's digital currency is being tested in several cities including Shenzhen, Suzhou and Chengdu. It has the potential to make things more convenient and secure for Chinese people. It might greatly reduce tax evasion.
Some of the potential downsides are that the government would have tremendous control over each individuals' money. This could make it harder to move outside of China, among other things.
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