CHINESE DIGITAL CURRENCY SPEND OR IT WILL EXPIRE

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.