Today i have shared Responding to the questions, Powell pointed out that U.S and China are different when facing central digital currency: "They are a completely different institutional context. Foster also worried that if the Federal government doesn't react and issue a plan for a digital currency quickly, potential competitors like China could roll out CBDCs and gain an upper hand. He specifically cited China’s plan to implement the digital Yuan among countries involved in its Belt and Road initiative, it could jeopardize the dollar’s world reserve currency status. Thanks for reading.
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