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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (170805)	4/21/2021 3:14:33 PM
From: TobagoJack	1 Recommendation Recommended By maceng2 Respond to of 219584

Following one of the links you cited I found below. Thank you. Did not know that China was being so very extremely transparent - Together w/ the recent comments re bitgold by the deputy central bank governor at Boao conference, should be all we need to know re the coming BTC-weaponised Cold War The folks for the people are fretting as the universe and metaverse collides theblockcrypto.com “Bill aimed at linking up SEC, CFTC for crypto-focused task force passes US House, heads for the Senate” Very exciting, and I hoard both BTC and Gold, per call of duty 2026 / 2032 news.cgtn.com Why is China moving to digital RMB? China's idea of introducing a digital renminbi (RMB) took the world by surprise. Pilot programs have so far been launched in four cities and at 2022 Winter Olympics venues in the country. This is one of the building blocks of China's move towards "world market" status and greater involvement in setting the framework of the global economy. What is the digital RMB? It is simply a digital form of China's physical currency. Powered by blockchain technology, it is distributed by China's central bank to second-tier providers including state-owned banks and online payment providers, such as Alipay and WeChat Pay. These second-tier providers are authorized to transfer digital currency to individuals and businesses that can then make payments with money in their digital wallets. Why move to a digital RMB? This is a logical development because China already leads the world in digital transactions, accounting for 44 percent of the global digital payments' total transaction value. It's the world's first sovereign digital currency and so China will have full control over the currency's circulation. What are the advantages? Unlike China's hugely popular Alipay and WeChat Pay, transactions using the digital RMB can be done without the internet. It also won't require a bank account to access funds, so it will be of great benefit to the 20 percent of adults in China without bank accounts. This is a big step in helping poverty alleviation. The digital RMB will help prevent illegal activities, such as money laundering, counterfeiting, illegal financing and tax evasion. Blockchain technology makes this possible. It allows real-time collection of data related to money creation and bookkeeping, and provides a useful reference for the implementation of monetary policies. This can improve economic planning because accurate economic information is quickly available. Can the digital RMB be used outside China? Yes. Even though at this stage the digital RMB is for domestic use only, in the future, individuals will be able to use it to make payments abroad. International businesses involved in China's import and export sectors can also do transactions in the digital yuan. For these businesses, the digital RMB is particularly useful because it reduces the time for trade settlements and reduces counter-party risks. The currency also makes it easier to settle trade transactions between Belt and Road Initiative partners, who use many different currencies. They will no longer need to use a third party currency to complete the transaction. The digital RMB therefore promotes the internationalization of the RMB and helps to reshape the current cross-border payment system. Currently, cross-border RMB settlement is highly dependent on the U.S. SWIFT system, but these cross-border payment and banking systems have been weaponized by the United States to impose financial sanctions on multiple parties. The digital RMB provides an independent alternative for cross-border payments. How is the digital RMB related to China's dual circulation economy? The digital RMB is the unifying feature of the dual circulation economy by seamlessly linking both domestic and external components so they are safe from foreign interference. A digital RMB stands by itself and does not need to use the U.S. dollar settlement system. It is an essential part of China's innovation and digital economy, which includes AI, big data, and 5G. Does the digital RMB mean China will isolate itself from the rest of the world? It means the exact opposite. The digital RMB allows China to expand its engagement with global trade partners and actively participate in reforming world economic governance. Scriptwriter: Daryl Guppy Managing editor: Xu Sicong Producer: Wei Wei Supervisor: Mei Yan (If you want to contribute and have specific expertise, please contact us at opinions@cgtn.com.) Sent from my iPad

To: maceng2 who wrote (170805)	4/22/2021 6:07:42 PM
From: TobagoJack	1 Recommendation Recommended By maceng2 Respond to of 219584

My assistant was asked by a Buddhism practitioner whether she bought bitcoin, and my assistant said yes, but the buy was her boss' idea. When asked how the BTCs were bought, assistant informed that it be in GBTC, an exchange-listed grantor trust trading at discount to BTCC, an exchange-traded ETF, and that the discount should close at some point. My assistant told me she was surprised at how excited the religious fellow got. Too many people still need to be saved and do not know the fundamentals of how. Ease of engagement coming soon to HK Long hot summer coming up bloomberg.com Crypto Mogul Adds Bitcoin, Ether Fund Listings to His Empire Zheping Huang 22 April 2021, 07:30 GMT+8 Huobi Technology Holdings Ltd. has launched four cryptocurrency-related funds targeting $100 million in total assets by September, the latest attempt to ride a stunning rally in digital assets. Huobi Tech is rolling out four funds including ones that will virtually track Bitcoin and Ether prices, allowing investors to bet on the coins without actually holding any currency. It’s the latest so-called crypto tracker after similar funds have launched around the world. The firm already has secured $50 million in commitments across the four funds. The offerings also include an active fund investing in a basket of virtual assets, and a private equity fund dedicated to investment in the crypto mining sector. In March, Huobi Tech obtained a license from the Securities and Futures Commission of Hong Kong to manage and distribute funds invested solely in crypto -- the first such approval after Arrano Capital. “Virtual assets have become established as a strong category in alternative investment, and more players will compete in this arena,” Huobi Tech finance chief Zhang Li said during a Zoom interview from Beijing. “For professional investors who still have concerns about things like security and tax filing, they will opt to buy our funds rather than holding coins themselves.” The new Hong Kong license and funds highlight 38-year-old Huobi founder Leon Li’s endeavor to ensure his crypto empire, whose main exchange unit has drawn scrutiny over the years from Beijing, complies with regulations as it expands into adjacent arenas. The move also come as mainstream financial companies embrace crypto after Bitcoin’s value took off in October. However, some still warn of a bubble, and volatility and regulatory risk around the globe remain concerns for the asset class. Longer term, Zhang said she expects the firm to provide a full suite of crypto-related services including custody, without specifying details. Read more: The Crypto Mogul Who’s Got the Ear of China’s Central Bank Before it's here, it's on the Bloomberg Terminal. LEARN MORE