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It was time, not as far away, where Donald Trump Ton was: Every country that dared to build a future without a dollar would be punished by an avalanche of customs duties. Tax, sanctions, isolate: This was a warning for anyone who died of the green axis. But in Brics the threat is hollow. China did not access bombs or missiles. Draws another weapon: its digital currency, digital yuan or e -Cny. It is not a cash war, but another map of global financing.
In short
- Digital Yuan serves as a strategic tool for China to transform current international finances.
- China deploys E -Cny on a regional scale through CIPS, Unionpay and Mbridge.
- 261 million users have already received digital Juan with the Chinese public and businesses.
- Western sanctions are familiar with digital Juan in oil, gold and swaps.
Digital Yuan: China pulls out its card in financial geopolitics
In Shanghai, Governor of Chinese Central BankMr. Gongsheng, set the tone. It wants to build a multipolar currency system on commercial tension funds with the US. Less dollarNo more balance. During the Lujazui forum says:
The development of international multipolar monetary system will help strengthen global financial stability.
The heart of the device: International Management Center E -CnySupported by CIPS, alternative to the SWIFT network. Banks such as Standard Bank and First Abu Dhabi Bank have already joined.
Mr. also condemns current shortcomings: ” Infrastructure of payment transmissions can be politicized and used as one -sided sanctions ». Finance is no longer neutral; It happens to the battlefield.
E -Cny allows China Secure your transactions while avoiding the dollar. It is an economic maneuver, but also diplomatic. Because where the United States isolated, Beijing’s ties refer to: Russia, Iran, the Persian Gulf. The digital currency becomes an alternative to hegemony.
Liquid Finance: Massive acceptance and daily use
In the streets of China, E -Cny is already a reality. Over 261 million users Use it, with Cumulative volume exceeding $ 7,300 billion (Fool). It is converted daily: transport, wages, taxes. No bank account is required. The QR code is enough, even offline.
In Jiangs, Public employees are paid in Yuan Digital. In Chengdu is used on the market. It’s no longer an experiment. It’s a digital reflex. Even tourists are entitled to this through a simple mobile application.
Beijing’s ambition, however, exceeds its borders. Unionpay, supported by PBOC, deploys QR payments in Southeast Asia. Cambodia, Vietnam, Laos: The ecosystem is exported. Thanks to MBridge, transactions between Hong Kong and Abu Dhabi are settled in 7 seconds, with reduced costs to 98 % (blockhead).
Na X, Josh Ryan – Collins writes:
Central banks’ digital currencies could increase public profits from Lorda.
Digital Juan becomes more than a tax and political lever.
Global Finance: When Beijing destabilizes an established order
Digital Yuan is not just a cash gadget. It is Strategic instrument that redraws the balances in areas in search of the dollar emancipation. Beijing doesn’t say it. It proves:
- 3ᵉ currency for global payments, according to swift;
- 2ᵉ currency used to finance trade;
- 38 % of trading flows in Asia are settled in Yuan against less than 10 % ten years ago;
- 5,000 billion yuan swaps of currency activated with central partner banks;
- Oil and gold set to E -Cny with countries aimed at Western sanctions.
But the road remains winding. Capital checks still slow free circulation Yuan abroad. And even if the RMB increases, only 4 % of the world’s reserves still weigh in comparison with $ 60.
China is progressing, a discreet method, but a deep impact. They try to control, but on offer an alternative. And this alternative seduces Moscow, Tehran or partners of Belt and Road initiative. Bet? Parallel finances, less vulnerable to sanctions, more suitable for the 21st century alliances.
In the United States, Donald Trump killed any digital dollar project. CBDC threatens individual freedom for him. ” We forbid any form of digital currency of the central bank “He said after returning to power. The result: American digital finance stagnates while China builds.
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Blockchain and crypto revolution! And the day when the impacts will be felt on the most vulnerable economy of this world, I would say against all hope that I was there for something
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.