2020: China forces the creation of a currency
By June 2020, the struggle for the use of digital assets is heating up - China is striving to create an "East Asian digital currency" to accelerate operations in the region and reduce dependence on the US dollar.
The proposed East Asian digital currency will be supported by a basket of monetary standards from Asia. They include the Chinese yuan, Japanese yen, South Korean won and the Hong Kong dollar.
The proportions of the four monetary forms will be controlled by the size of the economy of the country providing them. For example, the yuan will represent more than 60% of the East Asian digital currency pool, which is not unusual, since China is the largest economy among the four countries. The Japanese yen, on the other hand, will represent about 20% of the collateral.
If the Asian digital currency is implemented in the near future, it may have the opportunity to replace itself Libra with, and Facebook bitcoins even, US dollar noted in Bloomberg.
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