Category: the digital yuan

China’s Sovereign Cryptocurrency: A Pipe Dream or a Draconian Movement Toward Totalitarianism?

Analysis A number of articles have claimed that China is the first country to launch a sovereign cryptocurrency, but this is not exactly true. Money has three uses: as a medium of exchange, a store of value, and a unit of accounts. If an asset cannot be used to make purchases, stored in a savings…


To Compete With China, Does the US Need a Digital Dollar?

Commentary As the U.S. dollar continues to lose its purchasing power, there are legitimate fears that its days as the global reserve currency are coming to an end. Although it is still very much the international currency of choice, the dollar, like all currencies, must move with the times. You see, the future of money…