China’s digital yuan could pose challenges to the U.S. dollar

From cnbc.com Watch this video at https://www.forexfactory.com/news/1096940-chinas-digital-yuan-could-pose-challenges-to-the.

China is beating the U.S. when it comes to innovation in online money, posing challenges to the U.S. dollar’s status as the de facto monetary reserve. Nearly 80 countries — including China and the U.S. — are in the process of developing a CBDC, or Central Bank Digital Currency. It’s a form of money that’s regulated but exists entirely online. China has already launched its digital yuan to more than a million Chinese citizens, while the U.S. is still largely focused on research. The two groups tasked with this ...