China’s CITY WIDE CASH SEIZURES Begin — ATMs Frozen, Digital Yuan FORCED Overnight

Just imagine trying to access your bank account and encountering this?

China’s biggest cities are now cashless, not by choice, but by force. ATMs have gone dark. Vaults are being emptied. And overnight, the Digital Yuan is the only currency allowed.
What used to be called your money…
no longer belongs to you.
Because right now, China isn’t “going digital.” It’s seizing control.
What triggered Beijing to pull the plug on cash, so suddenly, and so ruthlessly?

How are ordinary citizens surviving when their life savings are frozen overnight?
And what does this mean for the future of money, not just in China, but everywhere?

Let’s start with what happened when people in China woke up and realized their cash had been quietly taken away.

H.R.4395 - Payment Choice Act of 2021
117th Congress (2021-2022)
introduced in 2021

Sponsor: Rep. Payne, Donald M., Jr. [D-NJ-10] (Introduced 07/09/2021)
Committees: House - Financial Services

Latest Action: House -

05/17/2022

Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 32 - 17. (All Actions)

Tracker: Tip This bill has the status Introduced

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https://consulegis.com/insights/news-articles/264-what-you-need-know-about-ecny--the-first-digital-currency-in-china

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https://www.oliverwyman.com/our-expertise/insights/2021/jun/the-digital-currency-battleground.html

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https://www.forbes.com/sites/digital-assets/2024/07/15/a-2024-overview-of-the-e-cny-chinas-digital-yuan/

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https://www.hkma.gov.hk/eng/smart-consumers/e-cny/

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If vendors don't take cash, but only AliPay and WeChat Pay, how can foreigners purchase things?

https://www.reddit.com/r/travelchina/comments/1dyc36t/if_vendors_dont_take_cash_but_only_alipay_and/

original link on Buildr

https://www.youtube.com/watch?v=01r2ntBWQ1E