The US Is Increasingly Concerned With China’s Digital Currency

in LeoFinance25 days ago (edited)

Nathaniel Whittemore is hosting a podcast in Coindesk about "why the Biden Administration is increasingly concerned with China’s digital currency efforts"

Highlights of the podcast:

"There are increasingly loud whispers that officials across several agencies, including Treasury, National Security and Defense, are growing concerned with China’s digital currency efforts."

Why CBDCs are about power, not digital efficiency
Why Facebook’s libra was the starting gun
China’s possible objectives
Why the U.S. tone on a digital dollar is changing
How Gary Gensler as SEC Chair could portend a broader attitude shift for the U.S. vis a vis digital currencies

Should the US be concerned? If yes, what would be the best plan of action for the US administration to counter it?

Source credit and the link to the podcast - https://www.coindesk.com/podcasts/coindesk-podcast-network/biden-administration-concerned-chinas-digital-currency

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