TSMC Refuses To Disclose Clients' Data to the U.S. Govt, Taiwan to Back it Up
TSMC set to protect its clients' confidential data.
www.tomshardware.com
The fun is going to start.
Taiwan has already fallen to the communist menance. To turn their back to their benefactors, who fed them, clothed them and protected them. How low have they fallen . . .TSMC Refuses To Disclose Clients' Data to the U.S. Govt, Taiwan to Back it Up
TSMC set to protect its clients' confidential data.www.tomshardware.com
The fun is going to start.
Exactly.TSMC factories in Taywan are the biggest, most advanced, chip manufacturing ones in the world. By a wide margin.
This is the first move of the US to try to control them because the US ones are at least 2 generations behind.
Not gonna happen since Wall Street has moved in and started up its derivative pyramid scheme machine.If they want to stop the chip shortage the way is simple.
Ban cryptos and cryptomining farms.
There.
Problem solved.
All the rest of that crap?
Clearly a moved aimed at the gigantic Chinese electronics industries.
They want a clear picture of who supplies what to China, so they can start bullying and threatening companies one by one like they did with the European companies working on various Russian projects.
Chinese have taken up against cryptocurriencies apparently. On the other hand I am not that surprised, becouse actually cryptocurrencies are breaking up state monopoly in creating and making money.Not gonna happen since Wall Street has moved in and started up its derivative pyramid scheme machine.
The Chinese want to issue their own state backed digital currency. Can't have domestic competitors to that.Chinese have taken up against cryptocurriencies apparently. On the other hand I am not that surprised, becouse actually cryptocurrencies are breaking up state monopoly in creating and making money.
I think that's the point. The goal of the Central bank is to encourage the circulation of the issued currency. Bitcoin undermines that. It also affects taxation because Bitcoin is not as easily tracked.It's hard to see how e-CNY would be a competitor with bitcoin and the like. They're kind of directly opposite of each other in terms of payment ability and asset investment.
However, there is an energy crisis in China with rolling blackouts in several regions. I'm sure crypto-mining having the electricity draw of a small country is something they really don't need right now. Or ever.
Point, but in that sense it's crypto is in competition with the regular finance/investment sector altogether, rather than e-CNY specifically.I think that's the point. The goal of the Central bank is to encourage the circulation of the issued currency. Bitcoin undermines that. It also affects taxation because Bitcoin is not as easily tracked.
The Chinese want to issue their own state backed digital currency. Can't have domestic competitors to that.