What are the pros and cons of digital money?

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  • CGTN published this video item, entitled “What are the pros and cons of digital money?” – below is their description.

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    China vaults to a cash-free future with the rollout of a digital currency. The digital yuan is expected to make a splash on the ice at the 2022 Beijing Winter Olympics. But China is not alone in pushing state-regulated digital currencies as the emergence of private cryptocurrencies poses a growing threat to national security. Unlike cryptocurrencies, the digital yuan is centrally controlled with greater transparency on real-time transactions. So what are the challenges and benefits of embracing a digital currency? What’s in store for China’s digital renminbi? #digitalmoney

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