Expert on Risks of Digital Currency

Paul Greaney
By Paul Greaney
April 27, 2021NTD Business
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A company in China is reportedly paying some employees with China’s new digital currency, the digital yuan.

With a digital currency, there’s no cash, all transactions are tracked on a centralized digital ledger, and you keep your digital currency in a digital wallet.

Daniel Lacalle, the author of “Escape from the Central Bank Trap,” calls it surveillance masked as money. Lacalle is also chief economist at the Tressis hedge fund with $6 billion of assets under management.

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