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.
China appears determined to claim line honours as the first large economy to introduce a national digital currency.
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Karen Maley writes on banking and finance, specialising in financial services, private equity and investment banking. Karen is based in Sydney. Connect with Karen on Twitter. Email Karen at karen.maley@afr.com
