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DCEP Showcase & Discussion

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It was never officially announced, it was just rumors.

What's the difference between DCEP and Digital Yuan?
I dunno the difference. All I am saying is that DCEP is old news. It could be a rumor or an working title.
 
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All I am just saying is that DCEP is an old news. It could be a rumor or an working title.

DCEP was rumored to be a working title. Today it was officially announced. Click on the Twitter link I provided for a video straight from a Chinese government official.
 
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DCEP was rumored to be a working title. Today it was officially announced. Click on the Twitter link I provided for a video straight from a Chinese government official.

Thanks, that’s massive news.

It looks like the Chinese government is going full-throttle on its roadmap to roll out a Global Stablecoin. There’s no official word on a launch date as of yet, but judging by the recent chain of events, it is highly likely that the Chinese Digital Currency or Electronic Payments system (DCEP), will be rolled out sooner than later.
 
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Pretty sure I’ve got this niche nailed down.

The U.K. regulatory guidelines has classified such Cryptoassets as ‘eMoney Tokens’

The G7 and G20 have coined the term ‘Global Stablecoins’

I bagged both in .com

eMoneyTokens
GlobalStablecoins
 
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I bagged both in .com
eMoneyTokens
GlobalStablecoins
Congrats and good luck. Will we ever see any names being bought by the Chinese and if yes, which ones?

BTW, I own the following matching domains:
dcep .cash
dcep .money
dcep .it
dcep .si (ccTLD Slovenia but think Sina = China)

Who are the lucky persons owning dcep.com, .com.cn or .cn?
 
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Will we ever see any names being bought by the Chinese and if yes, which ones?

Do they even need or want English Domains anymore?

I’m not sure if the Chinese will ever dance to anyone else’s tune ever again.

That is unless the U.S pull a Rabbit out of a hat and give them some competition. Which after the embarrassment the US Congress made of themselves as they cross examined Zuckerberg last week is looking increasingly unlikely.

However, there is hope. Mark Carney, the Bank of England governor, has said that the world’s reliance on the US dollar “won’t hold” and needs to be replaced by a new international monetary and financial system based on many more global currencies.

There’s something going on for sure as US regulators (CFTC, FDIC, and the SEC) have just team up with The U.K’s top watchdog’s global financial technology sandbox. In a joint release, the regulators announced that they had joined the Global Financial Innovation Network (GFIN) seeking to identify the opportunities, challenges and risks facing the fintech industry.

They had just better get their skates on.



 
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That is unless the U.S pull a Rabbit out of a hat and give them some competition. Which after the embarrassment the US Congress made of themselves as they cross examined Zuckerberg last week is looking increasingly unlikely.
This is an interesting showdown between Federal watchdogs vs. BigTech/Facebook. I believe there will be a compromise.
Regulators have watched Bitcoin and hundreds of other cryptocurrencies growing for the last ten years. Citizens and markets won´t understand that now Libra is the only demon out there. Zuckerberg cannot completely withdraw Libra, think of the stock market reaction and their Billions of Facebook, Instagram and Whatsapp members.
 
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reg'd few
DCEPservices
DCEPsolutions
.com
 
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To join the party, I picked cryptodcep.cn and dcepayments.com
 
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Dcep Loan.com
Dcep Loans.com
Dcep Payment.com
Dcep Payments.com
 
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DCEP Tokens.com

Reg'd in the rumor stage.
 
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Yesterday I was considering to have decp.global or .house or .company then it's all gone today.
 
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Yesterday I was considering to have decp.global or .house or .company then it's all gone today.
Yesterday I saw the dcep.global was the standard price on Godaddy then see what happen today, $2500 now!
 
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Do they even need or want English Domains anymore?

I’m not sure if the Chinese will ever dance to anyone else’s tune ever again.

That is unless the U.S pull a Rabbit out of a hat and give them some competition. Which after the embarrassment the US Congress made of themselves as they cross examined Zuckerberg last week is looking increasingly unlikely.

However, there is hope. Mark Carney, the Bank of England governor, has said that the world’s reliance on the US dollar “won’t hold” and needs to be replaced by a new international monetary and financial system based on many more global currencies.

There’s something going on for sure as US regulators (CFTC, FDIC, and the SEC) have just team up with The U.K’s top watchdog’s global financial technology sandbox. In a joint release, the regulators announced that they had joined the Global Financial Innovation Network (GFIN) seeking to identify the opportunities, challenges and risks facing the fintech industry.

They had just better get their skates on.


If China successfully spread out the DCEP for those countries that need "made in China" import and export using it then it's the global things, not just for Chinese end-users, to get over the USD is China's main priority.
 
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The Chinese biggest search engine the "Baidu wiki" you can see they've already definate the meaning of DCEP on Oct 28th, in official news they call it "world currency".:bookworm:
upload_2019-10-30_0-44-44.png

upload_2019-10-30_0-49-34.png
 
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"Baidu wiki"
Interesting! I should start to learn Chinese. Before I do that :bookworm:, can you translate what your screenshot says to Libra, please?
 
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Interesting! I should start to learn Chinese. Before I do that :bookworm:, can you translate what your screenshot says to Libra, please?
DCEP has everything you need to be a world currency. The difference is that DCEP, while retaining the advantages of Libra, offers a nearly perfect answer to the Libra's design flaw:
(1) DCEP and RMB are 1:1 convertible, supporting connection with the central bank; (2) DCEP adopts the two-tier system of commercial bank and central bank to adapt to the existing monetary system of sovereign countries in the world, the first layer is people bank to commercial bank, the second layer is commercial bank or commercial organization to public. (3) DCEP is a sovereign currency and an alternative to RMB, which can ensure that the existing monetary system still plays its role. The central bank's digital currency held by the public is still the central bank's liability, guaranteed by the central bank's credit, with unlimited legal compensation.

More info:
What are the features of DCEP?
1. The value of DCEP is only linked to RMB. Unlike Libra's currency owned by facebook, DCEP is directly linked to the RMB.
2. DCEP has unlimited compensation. This means no matter how large the amount of payment, the other side can not refuse to accept.
3. DCEP can transfer without an account. DCEP does not need to be connected to the Internet. It can complete the transfer by installing DCEP digital wallet and touching each other's phones.
4. High security of assets. DCEP is issued directly by the central bank, and there is no problem of commercial Banks and enterprises failing.
 
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