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.