Page 7 - Sharnie Wong News Today : Breaking News, Live Updates & Top Stories | Vimarsana

China’s much-hyped digital yuan leaves early users underwhelmed Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/ A sign for the digital yuan, also referred to as e-CNY, at a shopping mall in Shanghai | REUTERS Bloomberg May 10, 2021 As China moves closer to rolling out the world’s first major sovereign digital currency, speculation over the global implications has reached a fever pitch. Historian Niall Ferguson is calling the digital yuan a potentially fatal challenge” to decades of American financial hegemony. Franklin Templeton’s Michael Hasenstab says it could undermine the dollar’s role as the world’s reserve currency. Joe Biden’s White House is studying the potential threat to U.S. interests.

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