Re:EU set to unveil plans for bloc-wide digital wallet for v...
by rapjr9 on Wednesday June 02, 2021 @11:07AM
(#27369585)
It is my understanding that this is why China is developing their own cryptocurrency, to be able to track all uses (and users) of it. The Wall Street Journal reported on it:
That applies to uses inside China and outside China. I can see the NSA/USA wanting to do the same, as well as all the other countries in the world. This might be what actually kills all cryptocurrencies unless it becomes mandated that all citizens use it, which could lead to many outside a country having to also use it. But maybe there will be ways to scramble the tracking? Or maybe not, anyone looked at the design of China's cryptocurrency?
https://www.wsj.com/articles/china-creates-its-own-digital-c...
That applies to uses inside China and outside China. I can see the NSA/USA wanting to do the same, as well as all the other countries in the world. This might be what actually kills all cryptocurrencies unless it becomes mandated that all citizens use it, which could lead to many outside a country having to also use it. But maybe there will be ways to scramble the tracking? Or maybe not, anyone looked at the design of China's cryptocurrency?