China’s Digital Currency Is Too Redundant To Succeed At Home

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Many crypto enthusiasts and central bankers around the world are looking at China’s accelerating efforts to introduce a sovereign digital currency with a mix of curiosity and concern. Watchers in the US are particularly concerned that it may unseat the dollar as the next global reserve currency.

However, the digital yuan continues to face many challenges, even in its domestic market, that suggest it may fail to become the usurper that many fear.

For more in-depth analysis on the crypto and blockchain industry, subscribe to our premium research service, Forbes CryptoAsset and Blockchain Advisor.

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I am the Director of ESG & Impact at Emergents @ Weild & Co., advancing a new model of investment banking focused on innovation and strategic governance.  I also run a

I am the Director of ESG & Impact at Emergents @ Weild & Co., advancing a new model of investment banking focused on innovation and strategic governance.  I also run a blockchain discussion forum at Yale University.  I’ve conducted a national AML/CFT risk assessment on digital assets for the Parliament of Cyprus and compiled regulatory recommendations for blockchain legislation, identifying global best practices.  My previous publications cover industry standards for market integrity in crypto trading platforms and market infrastructure, in addition to stablecoins and central bank digital currencies.  Previously, I worked on large cross-border transactions at international development institutions. I went to Notre Dame and have an MBA from Yale. I was born in Bolivia and am a native Spanish and English speaker.

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Owen Mayhttps://allstocksnews.com
Owen May is the editor-in-chief of AllStocksNews. He has a master's in economics and you will find him covering various topics.

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