Will China take over the world with the Digital Yuan?

[Kasabus]

y
Now the Chinese government has banned all transactions using cryptocurrency, meaning that the Chinese government does not support the development of cryptocurrencies that have been developing so far, and at this time when looking at the conditions of the cryptocurrency market are very apprehensive.

Chinese government has banned the use of cryptos particularly bitcoin. But with the launching of their own digital Yuan, they make it a point that it would create fast global adoption and expect that all people paricularly in China will patronize the use of their own digital currency.

But things seem not to work out because most of the people are still attached to bitcoin and still making transactions online. People are looking for freedom so they will stick for sure to bitcoin rather than being controlled by the government.

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[geegaw]

apparently not, because seeing the condition of the Chinese government which strictly prohibits transactions using cryptocurrency at this time, in this case the government does not want to support the development of cryptocurrency both now and in the future.

News is also just data texts that can be edited to fit the trends of each year and each era of society, maybe the Chinese government is really limiting its exposure to crypto and its underlying values but they are always people who know how to look at the strengths and know what to do to develop in the economic market, as long as crypto is developed enough, they will once again confirm this market in their legitimacy. The digital yuan is perhaps a preparatory and backup step for crypto developments