China to launch official CBDC digital currency in drive to Cashless society

News Text (from ECONOMIST)

click here

DISCLAIMER All news articles are shared for educational purposes only. The news content is hosted on the external news website. News articles titles are derived from the original news title, news content, dialogue, speech or general content theme. The news title may be edited and optimized for SEO, keyword density, information and internal website search purposes. You are advised to view the original news article for a better understanding. If you spot any mistakes, errors or omissions kindly contact us.

Explore Topics: Cashless, China, CBDC (3)

What is Cashless?

A cashless society describes an economic state whereby financial transactions are not conducted with money in the form of physical banknotes or coins. Transactions are through the transfer of digital information (usually an electronic representation of money) between the transacting parties

Cashless societies have existed from the time when human society came into existence, based on barter and other methods of exchange, and cashless transactions have also become possible in modern times using digital currencies such as bitcoin.

What is China?

China, officially the People's Republic of China (PRC) is a country in East Asia. It is the world's most populous country, with a population of around 1.4 billion in 2019. Covering approximately 9.6 million square kilometres, it is the world's third or fourth-largest country by area. Governed solely

by the Chinese Communist Party (CCP), the state exercises jurisdiction over 22 provinces, five autonomous regions, four direct-controlled municipalities (Beijing, Tianjin, Shanghai, and Chongqing), and the special administrative regions of Hong Kong and Macau. China is a unitary one-party socialist republic, and is one of the few existing nominally socialist states. Political dissidents and human rights groups have denounced and criticized the Chinese government for human rights abuses, including suppression of religious and ethnic minorities, censorship, mass surveillance, and their response to protests, notably in 1989.

What is CBDC?

Central bank digital currency, CBDC or digital currency is the digital form of fiat money. Fiat money being a currency established as money by government regulation, monetary authority or law. The present concept of CBDCs was directly inspired by Bitcoin, but CBDC is different from virtual currency

and cryptocurrency, which are not issued by the state and lack the legal tender status declared by the government. CBDCs are presently in early hypothetical stage, with some proof-of-concept programmes.

Say, We believe in God and what was sent down to us, and what was sent down to Abraham, Ishmael, Isaac, Jacob and the Tribes, and what was given to Moses, Jesus and all the Prophets by their Lord
Quran 2:136

Jesus said to him, 'I am the way, the truth, and the life. No one comes to the Father except through me
John 14:6

Ye have heard how I said unto you, I go away, and come again unto you. If ye loved me, ye would rejoice, because I said, I go unto the Father: for my Father is greater than I
John 14:28

Hear, O Israel: The Lord our God is one Lord
Deuteronomy 6:4

The Creator of the heavens and the earth. He has made for you mates from yourselves, and for the cattle (also) mates. By this means He creates you (in the wombs)
Quran 42:11

O people of the Scripture (Jews and Christians): Come to a word that is just between us and you, that we worship none but Allah, and that we associate no partners with Him, and that none of us shall take others as lords besides Allah
Quran 3:64

I can of mine own self do nothing: as I hear, I judge: and my judgment is just; because I seek not mine own will, but the will of the Father which hath sent me
John 5:30

Indeed, We have revealed to you, (O Muhammad), as We revealed to Noah and the prophets after him. And we revealed to Abraham, Ishmael, Isaac, Jacob, the Descendants, Jesus, Job, Jonah, Aaron, and Solomon, and to David We gave the book (of Psalms)
Quran 4:163

Blessed be He Who has placed in the heaven big stars, and has placed therein a great lamp (sun), and a moon giving light. And He it is Who has put the night and the day in succession
Quran 25:61

He (Jesus) Himself stood in their midst and said to them, Peace be to you
Luke 24:36

O My servants who have transgressed against themselves, do not despair of the mercy of God. Indeed, God forgives all sins. Indeed, it is He who is the Forgiving, the Merciful
Quran 39: 53

Indeed, man is in loss, except those who have faith and do righteous deeds, and advise one another to truth and patience
Quran 103:1-3

The first of all the commandments is, Hear, O Israel; The Lord our God is one Lord
Mark 12:29

Jesus saith unto her, Touch me not; for I am not yet ascended to my Father: but go to my brethren, and say unto them, I ascend unto my Father, and your Father; and to my God, and your God
John 20:17

And about the ninth hour Jesus cried with a loud voice, saying, Eli, Eli, lama sabachthani? that is to say, My God, my God, why hast thou forsaken me?
Matthew 27:46

Verily, verily, I say unto you, The servant is not greater than his lord; neither he that is sent greater than he that sent him.
John 13:16

Jesus said unto him, Thou shalt love the Lord thy God with all thy heart, and with all thy soul, and with all thy mind
Matthew 22:37

By myself I can do nothing; I judge only as I hear, and my judgment is just, for I seek not to please myself but him who sent me.
John 5:30

Then answered Jesus and said unto them, Verily, verily, I say unto you, The Son can do nothing of himself, but what he seeth the Father do: for what things soever he doeth, these also doeth the Son likewise.
John 5:19

Not every one that saith unto me, Lord, Lord, shall enter into the kingdom of heaven; but he that doeth the will of my Father which is in heaven.
Matthew 7:21

Remember the former things, those of long ago; I am God, and there is no other; I am God, and there is none like me
Isaiah 49:9

Connect: Facebook | Twitter | Youtube

MuslimProphets.com is an educational website on the Prophets of God: David, Noah, Abraham, Moses, Jesus and Muhammad, who established the Abrahamic faiths of Judaism, Christianity and Islam. MuslimProphets.com explores contemporary social themes through Scripture, Evidences, Photo, Video, Maps, Current Affairs, Debate and 'alternative' Views held by Theologians, Apologists, Scholars and Street Preachers. Take a Site Tour

In accordance with Islamic etiquette, all prophet names should be followed with 'Peace Be Upon Him (PBUH)'. This is omitted to minimise text.

DISCLAIMER: All website content is for general information and educational purposes only and available in the public domain. Whilst all information comes from sources believed to be reliable, this cannot be guaranteed. External links are provided as a convenience and for informational purposes only. They do not constitute endorsement or approval for any products, services or comments by organizations or individuals. Title and Text links may be edited for external SEO, internal site and keyword search purposes. We bear no responsibility for the accuracy, legality, or content found on any external website or its subsequent links. Unless indicated, all images and content is licensed under a Creative Commons Attribution License distributed by Wikipedia, Wikimedia Commons, Pixabay, Pxhere, Pexels, Unsplash, Flickr and others. All Torah, Psalms, Old and New Testament Bible quotes are from the King James Version (KJV) Holy Bible in the public domain. All Quran quotes are from Taqi-ud-Din al-Hilali/Muhsin Khan English Quran translation.

ALWAYS DO YOUR OWN RESEARCH. If you spot any mistake, error or omission of information, contact us so we can correct it.

	Are you a Muslim? 3 mins \| Online Test
	Torah - Wellhausen/JEDP Theory
	Islam: Biggest Threat to Europe?
	Religions
	Bible - Scholars on John's Gospel
	Timeline of Church Councils

	Torah 5 BOOKS
	Psalms 1 BOOK
	Old Testament 32 BOOKS
	New Testament 27 BOOKS
	Apocrypha 1885 14 BOOKS
	Gospels/Texts 367 BOOKS
	Codex 120 BOOKS
	Quran 1 BOOK
	Hadith 10 BOOKS

China to launch official CBDC digital currency in drive to Cashless society - Economist

News Text (from ECONOMIST)

Explore Topics: Cashless, China, CBDC (3)

What is Cashless?

What is China?

What is CBDC?

News on Cashless, China, CBDC (81)

Youtube Videos on Cashless, China, CBDC (48)

NEWS | 1,818

ARTICLES | 159

SCRIPTURE | 580

SUBSCRIBE