Biden Team Eyes Potential Threat From China’s Digital Yuan
The Biden administration is stepping up scrutiny of China’s plans for a digital yuan, with some officials concerned the move could kick off a long-term bid to topple the dollar as the world’s dominant reserve currency, according to people familiar with the matter.
Now that China’s digital-currency efforts are gathering momentum, officials at the Treasury, State Department, Pentagon and National Security Council are bolstering their efforts to understand the potential implications, the people said.
https://www.bloomberg.com/news/articles/2021-04-11/biden-team-eyes-potential-threat-from-china-s-digital-yuan-plans