While many countries around the globe are embracing the idea of having their own digital currencies, China has outpaced others in the race for a financial technology breakthrough with its digital yuan.
The Chinese authorities have been long mulling the widespread launch of the country’s digital currency and have conducted massive tests across the country. RT’s Boom Bust discussed how the development of the digital yuan may affect its role in the international financial system and the dominant position of the US dollar.
Watch: https://on.rt.com/b5i7