Why China's New Digital Currency Raises Privacy Concerns

China is the first country that launched the central bank digital currency - the digital Yuan. So is it good or bad? There is no transaction cost, so customers are happy to spend money. It is more about data than money.

The government gets different information from third parties. The government has access to that. But now the government directly has everything and access to data about what people are doing. It will track how you earn, where you spend when you spend. It gives more control. So it also raises privacy concerns. . That's a serious issue. Let's watch this video.

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