China Pushes for A Digital Currency in the East Asia Region to Dilute the Dollar’s Influence

China Pushes for A Digital Currency in the East Asia Region to Dilute the Dollar’s Influence

China’s political advisor body, the Chinese People’s Political Consultative Conference, were engaged in talks of a standard digital currency for the East Asian jurisdictions. A basket of currencies would back the digital currency with the Yuan and Yen contributing at least 80% of the backing ratios. News has now surfaced that Chinese officials are rallying …

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