YuanPayGroup.org Review Is It a Scam? YuanPay Group International Reviewed
Quite a few WEB PAGES are promoting YuanPay Group International in a variety of ways because I’m interested in the DECENTRALIZED cryptocurrencies, webpages from both freebestoffers.net and companyanswer.com have been popping up on my feeds. Is YuanPayGroup.org a scam? Based on my reviews, it’s hard to determine, there is no way in HELL I’m giving them my personal information, I’m still NOT on TikTok because of the association with the Chinese Communist Party(CCP).
Unlike Bitcoin, most Chinese-derived TRADING PLATFORMS are CENTRALIZED in a manner that makes it far riskier for customers, than it would be if they as an example do what I do which is put my crypto in a hardware wallet. I’ve personally never liked Bitcoin as money, I prefer it as an ASSET, that should be stored digitally and if I’m going to use a trading platform to trade crypto, it definitely won’t be a platform in China.
Communist Political factions as well as socialists do not respect property rights, some of you reading this are aware of the GHOST CITY problem in China. A lot of ghost cities have been built in regions of China to prop up their real estate markets, with the recent downturn a lot of these real estate schemes are the decline, no word yet how the CCP is going to address this issue, some of us assume debasing of the Yuan is inevitable at this point.
This could make a lot of Chinese currency WORTH-LESS, however, there could be shortages of Yuan and possibly asset prices will come down, if their inflated housing market is able to crash, leading to an economic implosion, either way, the current price of Bitcoin has declined in recent months as more people are finding it more difficult to BORROW fiat currencies.
Some imagine a CENTRALIZED digital currency as the answer, but the reason, central governments have left the DISTRIBUTION of fiat money to the private banks and private credit markets, is that a purely political fiat monetary system as proven historically will quickly lead to MASSIVE mal-investments.
The Soviet Union tried to control prices and the distribution of money and their economy quickly collapsed, although some see the DIGITAL centralized currency as more efficient, it won’t have LOCAL eyes on the ground giving a proper analysis of what’s happening in the economy. Furthermore, people don’t like being tracked and when people reject a medium of exchange, ANYTHING could emerge as a replacement.
This could collapse any government if people start rejecting a government’s payment system, which is why a Chinese Centralized digital currency doesn’t excite me. I can’t call YuanPayGroup a scam, but it sure looks like one. I can’t in good faith recommend them to anyone at this time. Join them at your risk any questions or concerns you have regarding YuanPayGroup should be direct to their staff directly.