China’s PBOC digital yuan may mean the country relies less on SWIFT (and thus the US)

  
  Analysis

The Economist have a brief piece up on the testing of the  People’s Bank of China’s testing out of digital yuan.

It touches on some of the implications but this is of much interest:

 

  • The digital yuan … will also give China a conduit for moving money across its borders without having to rely on swift, a global payments system that comes under American influence.

 

Here is the link to article (may be gated)

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