CTM Insights Managing Partner Lou Steinberg in Computerworld

As China pushes its digital currency plans, the US falls behind


China’s digital yuan has been piloted in 15 provinces and tested across a multinational financial network. Meanwhile, the US is still developing a digital currency, endangering the dollar’s place as the world’s reserve currency and opening the door for China to set digital cash privacy standards.

China’s digital yuan project, a blockchain-based cryptocurrency for consumer and commercial finance, can no longer be considered a pilot. That’s the assessment by economic and cryptocurrency experts.

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