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Karen Maley

Has Beijing fired the first shot in the e-currency wars?

China’s decision to push ahead with a national digital currency is partly motivated by domestic factors, but the Biden administration is keeping a wary eye on the threat it poses to US dollar dominance.

Call it Beijing’s bold new version of bitcoin.

China appears determined to claim line honours as the first large economy to introduce a national digital currency.

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Jill Margo was a senior writer at The Australian Financial Review.

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    Original URL: https://www.afr.com/link/follow-20180101-p57ipp