China seeks trailblazer’s benefits in developing digital yuan Japan Ministry of Finance


Source: thestrategist.media thestrategist.media

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Print 10/09/2020 - 04:18 In its efforts to develop the digital yuan, China seeks to “take advantage of the trailblazer position” in this area. faungg's photos This opinion was expressed on Thursday by Japan's vice minister of finance for international affairs Kenji Okamura. “[The development of digital] yuan is progressing relatively quickly . As I said, they are probably looking to take advantage of the pioneering benefits,” he said in a video conference hosted by the Center for Strategic and International Studies (CSIS), Washington. “Pioneer Benefits are what we should fear. This advantage sets standards in the design of mechanisms....