Chinese Digital Currency Comes With an Expiry Date - Spend It or It Will Vanish

Chinese Digital Currency Comes With an Expiry Date - Spend It or It Will Vanish
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The digital yuan is programmable to the point that the currency can be made to expire, thus forcing consumers to use it up by a certain date. This is a twist on an obscure, unconventional monetary policy innovation known as a Gesell currency: expiring money, which gives the issuing government a heightened degree of control over money velocity, AKA how fast it’s “supplied” and how fast it’s spent.
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Source: "Crypto and Web3 News "
https://www.youtube.com/watch?v=lSwcBnIOchg
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