About This Source - CGTN
This story is an English language news item from CGTN. CGTN is a Chinese state-funded broadcaster.
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CGTN published this video item, entitled “What are the pros and cons of digital money?” – below is their description.
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? #digitalmoneyCGTN YouTube Channel
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In This Story: Beijing
Beijing, China’s sprawling capital, has history stretching back 3 millennia. Yet it’s known as much for modern architecture as its ancient sites such as the grand Forbidden City complex, the imperial palace during the Ming and Qing dynasties.