Page 37 - பயன்படுத்தப்பட்டது பொருளாதாரம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sat, 24 Apr 2021 00:00 UTC Earlier this year, China began to roll out a project that had long been in the works a digital version of its currency, the yuan, is now being used in four Chinese cities. The Chinese government sees two major potential benefits to the experiment: a tangible challenge to the U.S. dollar s global ubiquity, and a way to control how Chinese citizens spend their money. As a government-issued currency, the digital yuan can be manipulated and monitored in a number of ways. Importantly, it is programmable. Writes The Wall Street Journal, Beijing has tested expiration dates to encourage users to spend it quickly, for times when the economy needs a jump start.

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