The notion of China racing to launch a CBDC that will end U.S. monetary supremacy doesn't hold up if you look at the facts on the ground.
China’s CBDC is about domestic dominance, not beating the dollar
Tencent-backed WeBank and Ant Financial-backed MYbank will reportedly be the first private banks to join China’s digital yuan pilot.
Ant-backed MYbank to help China expand digital yuan trial
You’re next, Google.
Bitcoin’s market cap flipped Tencent on its way to $1 trillion
Exploring where national security meets securities offerings in this week's crypto news.
Law Decoded: Of ICBMs, BTC and ETFs, Feb. 5–12
China's market regulator finalizes rules that have been three months in the making.
China releases final anti-monopoly rules targeting major tech and payments firms
Digital identification is the future. What role will blockchain play?
Tencent Cloud joins forces with ShareRing to launch blockchain digital ID platform
Digital Asset’s DAML will connect diverse blockchains on a national DLT project in China.
China’s national blockchain project to support DAML smart contract language