China Rolls Out Pilot Test of Digital Currency - WSJ News

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Source link: https://www.wsj.com/articles/china-rolls-out-pilot-test-of-digital-currency-11587385339
Published by: WSJ NEWS on 20 Apr 2020
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What is Digital Currency?
Digital currency (digital money, electronic money or electronic currency) is a type of currency available in digital form. This is in contrast to physical, such as banknotes and coins. It exhibits properties similar to physical currencies, but can allow for instantaneous transactions and borderless transfer-of-ownership. Examples include virtual currencies, cryptocurrencies, and central bank digital currency (CBDC). Digital money can either be centralized, where there is a central point of control over the money supply, or decentralized, where the control over the money supply can come from various sources.

Who are WSJ News?
WSJ.com is the official digital news platform and website for The Wall Street Journal, a globally preeminent daily newspaper focused on business, finance, international economics, and global geopolitical affairs. Originally launched in April 1996, the site is widely recognized for establishing one of the internet's earliest and most successful premium paywall models.

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.

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Quran 2:136

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

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John 13:16

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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

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China Rolls Out Pilot Test of Digital Currency - WSJ News

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