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China is introducing a digital yuan: Here’s what a state-backed cryptocurrency could mean for the U.S. dollar

The Digital Redback, Ep. 29

By Micaela Rodríguez
Posted November 19, 2019 at 4:45am

China has sent shockwaves through the global financial system announcing that its central bank would soon introduce a digital version of its domestic currency, the yuan. Fintech Beat sits down with key IMF officials to learn about what a state-backed ‘cryptocurrency’ means for the yuan as a potential rival to the dollar.

 

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