DCEP: Will China's Digital Currency threaten crypto?

Digital Currency DCEP (Digitial Currency Electronic Payment, DC/EP) is a national digital currency of the China built with Blockchain and Cryptographic technology. The currency is pegged 1:1 to the Chinese National Currency – the RenMinBi (RMB). The overall objective of the currency is to increase the circulation of the RMB and international reach – with eventual hopes that the RMB will the a global currency like the US Dollar.
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I’m not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.


16 replies
  1. Gary Dowling
    Gary Dowling says:

    Thanks for covering this Michael!
    I think this is actually a bad thing for Bitcoin.
    Great for blockchain tech though.
    I don't think the majority of people will know what decentralized is and probably won't care..

  2. Wout Deley
    Wout Deley says:

    Awesome video! Thanks so much! Are you following the MASSIVE Vechain developments coming out? France and China public blockchain verification of food and beverages on Vechain. Carrefour, Walmart and then Bright Foods Smart Chain on Vechain? Big big news from CIIE

  3. Crypto M
    Crypto M says:

    Another superb stream Michael, you outdo yourself each time. Thanks always for taking the time to breakdown everything in China and to prevent any miscommunication from the West. You're a legend!!


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