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https://twitter.com/CurrencyWar1/status/1465472276040667136and @federalreserve Powell and many others didn't really care about a digital dollar 12 months ago, but policy stance has changed as has approach to #crypto broadly. @GaryGensler appeared hostile initially and then did a volte face. In recent days China has switched attention
https://twitter.com/CurrencyWar1/status/1464332246584856576Dollar hegemony and supreamacy. The vision will allow China open its Capital A/c and fund the massive deficits accrued by semi state enterprises. I forsee the Yuan as a stable coin, leading to a collapse in FX volatility and a genuine use case for RMB mass adoption via its
https://twitter.com/CurrencyWar1/status/1440990812339331072China began its DCEP project after 1.0 trio outflows from 2014/2017 with a large proportion of those outflows via stablecoins and #BTC. China's ambition is to upend Dollar hegemony, the evergrande bankruptcy is a perfect case in point with international capital markets concerned
https://twitter.com/jnordvig/status/1440850557413982215be resisted. As Jens highlights, China's FX reserves collapsed in 2015/16/17, falling 1.0 Trio USD. PBOC MU, the head of the digital lab told us at HK blockchain week in 2019 that the popularity of #bitcoin during this period lead the PBOC to fear for sovereignty of the Yuan. So