Digital currency and the new cold war, The end of independent central banks
Tuesday 8 September 2020 – Vol.11 Ed.37.2
Commentary: Digital currency and the new cold war
By David Birch in London
Just as the US Treasury was mailing out physical stimulus cheques, the People’s Bank of China began its beta testing of a national digital currency in four cities. Future economists will look back on these counterpoints as the start of the digital currency era. The contrast brings into focus the ‘new...