This article has been indexed from Lawfare
A photo of the flag of the People's Republic of China. (radiowood, https://flic.kr/p/7asMfM; CC BY-NC 2.0, https://creativecommons.org/licenses/by-nc/2.0/)
While U.S. financial policymakers are only beginning to study and debate the possibility of creating a digital dollar, China is amidst a national blitz to digitize its entire economy. For several years, the digitization of the economy has been mostly a Chinese Communist Party (CCP) talking point reserved for state planning documents. Now it is becoming a reality. In July, China’s central bank, the People’s Bank of China (PBOC), published a 15-page China Is Making Smart Money