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US military cites rising risk of Chinese move against Taiwan

US military cites rising risk of Chinese move against Taiwan
airforcetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from airforcetimes.com Daily Mail and Mail on Sunday newspapers.

US military cites rising risk of Chinese move against Taiwan

US military cites rising risk of Chinese move against Taiwan
militarytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from militarytimes.com Daily Mail and Mail on Sunday newspapers.

US military cites rising risk of Chinese move against Taiwan

US military cites rising risk of Chinese move against Taiwan
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US military cites rising risk of Chinese move against Taiwan

US military cites rising risk of Chinese move against Taiwan
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China creates digital Yuan - With insights from The Wall Street Journal

The invention of the bank note – or ‘paper money’ – can be accredited to the Chinese. The Chinese have now introduced their own digital Yuan, in what The Wall Street Journal describes as ‘a re-imagination of money that could shake a pillar of American power’. While Bitcoin and numerous other cryptocurrencies have previewed the future of digital currencies, China’s digital Yuan will be controlled by their central bank and be issued by them, too. A digital version of an established currency has benefits that cryptocurrencies like Bitcoin are lacking. ‘Cryptocurrencies such as bitcoin have foreshadowed a potential digital future for money, though they exist outside the traditional global financial system and aren’t legal tender like cash issued by governments’, writes James T. Areddy. However, unlike Bitcoin and its anonymity, the digital Yuan is expected to enable the Chinese government to further monitor people and the economy. – Jarryd Neves

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