The future Chinese digital yuan, may push the United States to create its own cryptocurrency. This was stated by the CEO of Kraken cryptocurrency exchange, Jesse Powell, in an interview with Youtube.
Jesse Powell believes that if China does launch its centralized digital asset, it will force the US to begin work on its own cryptocurrency.
The US is very restrained in its statements about blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details and digital assets. Powell attributes this to fear of radical change.
“The American dollar is the world's reserve currency. Understanding this, you realize that if you lose this position, you will lose a lot, not to mention that hyperinflation can begin in the country. So much is at stake,” Powell said.
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- The Chinese government has changed its mind about digital currency. The National Commission decided not to exclude the cryptocurrency industry from the country and leave it in a new final plan.