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China digital currency: Biden administration steps up scrutiny of e-yuan over potential threat to US dollar dominance

Summary:
[unable to retrieve full-text content]The Biden administration is stepping up scrutiny of China’s plans for a digital yuan, with some officials concerned the move could kick off a long-term bid to topple the US dollar as the world’s dominant reserve currency, according to people familiar with the matter.Now that China’s digital currency efforts are gathering momentum, officials at the US Treasury, State Department, Pentagon and National Security Council are bolstering their efforts to understand the potential implications, the…

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[unable to retrieve full-text content]
The Biden administration is stepping up scrutiny of China’s plans for a digital yuan, with some officials concerned the move could kick off a long-term bid to topple the US dollar as the world’s dominant reserve currency, according to people familiar with the matter.Now that China’s digital currency efforts are gathering momentum, officials at the US Treasury, State Department, Pentagon and National Security Council are bolstering their efforts to understand the potential implications, the…

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