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China’s central bank digital currency is part of a broader push by Beijing to establish global leadership digital payments, assert independence from US power, and intensify control over Chinese society. America should be proactive in shaping the future of the digital economy. It must act to determine the appropriate role for digital currencies within the economy and prevent China’s digital currency from undermining American influence or threatening individual freedoms and human rights. | PolicyE
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China’s central bank digital currency is part of a broader push by Beijing to establish global leadership digital payments, assert independence from US power, and intensify control over Chinese society. America should be proactive in shaping the future of the digital economy. It must act to determine the appropriate role for digital currencies within the economy and prevent China’s digital currency from undermining American influence or threatening individual freedoms and human rights. | PolicyE
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