The first agenda for digital currency is to eliminate hidden cash held by corrupt officials and others, since this cash is not in circulation and represents wasted money supply
factualpending
Speaker
Unidentified Speaker — 4 reasons why Beijing is pushing digital renminbi and the p… [cCYJPBwpRd0]Evidence Quote
“the first one the first one is to eliminate hidden cash now we know China has printed a lot of money and it's M2 money supply is what 266 trillion um which is more than the total M2 M2 supplies of the United States Japan Germany and South Korea combined if you do the math it's more but a significant amount of the money are not in circulation”
Source
4 reasons why Beijing is pushing digital renminbi and the problems e-CNY may create— Lei's Real TalkCreated: 8/11/2026, 1:37:45 AM
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