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China’s move on digital currency secures it an edge, but …

China’s move on digital currency secures it an edge, but …

WILL China’s central bank digital currency (CBDC) experiment be a success? Offering 50,000 Shenzhen citizens a wallet containing around US$30 in a lottery has created momentum. Banning the prospect of any other blockchain-based money and adopting a rigorous approach to encouraging retailer acceptance has been helpful.








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