The Harvard International Review has a fascinating piece on how China is, as it does in almost every endeavor, playing the long game on cryptocurrency. While we’ve expressed our doubts about central bank digital currencies (CBDCs) versus properly decentralized cryptocurrency many times, CBDCs as a tool in in the context of geopolitics between nation states is a different animal. HIR asks if China’s digital currency could unseat the dollar, and it looks like the answer is yes.
Could the Digital Yuan Unseat the Dollar?
Could the Digital Yuan Unseat the Dollar?
Could the Digital Yuan Unseat the Dollar?
The Harvard International Review has a fascinating piece on how China is, as it does in almost every endeavor, playing the long game on cryptocurrency. While we’ve expressed our doubts about central bank digital currencies (CBDCs) versus properly decentralized cryptocurrency many times, CBDCs as a tool in in the context of geopolitics between nation states is a different animal. HIR asks if China’s digital currency could unseat the dollar, and it looks like the answer is yes.