China Creates Its Own Digital Currency, a First for Major Economy

Published Apr 05 2021 at 2:48 PM GMT
Key
Points
  • A cyber yuan stands to give Beijing power to track spending in real time, plus money unlinked to the global financial system dominated by the dollar.
  • It also could soften the bite of US sanctions.


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  • Published Apr 5, 2021 2:48 PM GMT