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by rr888
1379 days ago
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One goal of e-CNY is to be an alternative to USD payment systems like SWIFT which the Western governments hve used to enforced sanctions. China has a problem with the regular currency has a lot of restrictions on it. People can't just trade CNY for USD or something else because there are controls to prevent this. China wants e-CNY to be a platform for Chinese trade also third parties outside the USD umbrella, eg Brazil with Nigeria or Venezuela trading with Iran. I dont honestly know how that is possible to do both CNY with restrictions and e-CNY which is open, but its definitely important to China and much of the world. https://www.scmp.com/economy/global-economy/article/3191393/... |
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