China’s digital yuan displaces the dollar
asiatimes.com
In his annual letter to JP Morgan shareholders, bank chairman Jaime Dimon offered a startling admission: Banks already compete against a large and powerful shadow banking system. And they are facin…

Saw this posted in /r/sino and it got my attention.

I've always been pretty financially illiterate, I just save and invest in an RSP managed by my bank. Could this be a smart buy though? I believe China will continue to prosper and grow and if that is the case, it's state backed crypto should too, no?

  • Melon [she/her,they/them]
    ·
    4 years ago

    the entire point of a currency is that it's one of the least speculative assets around

    • Mardoniush [she/her]
      ·
      4 years ago

      Sorry, got my reference frame wrong. I meant USD to the inner core.