Bloomberg: The Biden team is pursuing the digital yuan as a potential asset

Published:

12 Apr 2021 10:27 GMT

According to media reports, state officials will try to understand whether the Chinese division will be used to study Washington’s sanctions in the future.

Gobierno’s plans to impose payments on the digital yuan have been alerted to Joe Biden’s Administration, which is studying the potential implications of the media for the dollar as well as its political proposals, Bloomberg said.

Please note that the officials of the Department of State, Department of Treasury, Pentagon and National Security Council agreed to submit to the “crypto” Chinese to be distributed and used by them. some say that Pekín’s step will take place at the end of the dollar’s lead as the world reserve month.

The members of the Biden Administration are not concerned about the challenge of the short-term structure of the current global financial system, which supports the launch of the digital yuan, but has future implications, aggregating resources.

Illustrative image

The People’s Bank of China initiated virtual currency transactions, which will be presented in February to the 2022 Beijing Olympic Games, just over the year.

The ‘cryptoyuan’ was ideally used to reposition the money effectively and would be linked to the user’s cellular number, enabling transactions by means of an application. The experiment was launched in distinct cities of the country and some people had to make transfers and pay bills with the digital yuan.

There are many details about the virtual currency of China, such as the forms of distribution, the recent creation of a joint venture between the Central Bank of Asia and the SWIFT International Banking Transfer System, which suggest a digital security system actual, indica Bloomberg.

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