🇨🇳 China wants to export its digital yuan
The Chinese central bank announced the creation of an international operations center for the digital yuan (e-CNY) in Shanghai.
📌 What does this mean?
China wants to increase global adoption of its CBDC
Objective: to create a multipolar financial system, less dependent on the dollar and the euro
Strong criticism of the political use of global payment systems (e.g., SWIFT)
⚠️ Implications:
Direct competition with the digital dollar and stablecoins
Reflects the advancement of the narrative of global dedollarization
May influence the policies of other emerging countries
