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It appears the Communist Party of China would like to gain a strategic global advantage in advancing a digital currency in China and abroad. Western democracies and India are in a race of a special kind with China!
The flipside of China’s central bank digital currency | Australian Strategic Policy Institute | ASPI China’s central bank digital currency, known as ‘DC/EP’ (Digital Currency / Electronic Payment), is rapidly progressing and, if successful, would have major international implications that have not yet been widely considered by policymakers.
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