digital currency ambition
The Download: China's digital currency ambitions, and US AI rules
Almost three years into the pilot, though, it seems the government is still struggling to find compelling applications for it, and adoption has been minimal. Now the goal may be shifting. China appears to be charging ahead with plans to use the e-CNY outside its borders, for international trade. If it's successful, it could challenge the US dollar's position as the world's dominant reserve currency--and in the process shake up the global geopolitical order. This story is from MIT Technology Review's What's Next series, which looks across industries, trends, and technologies to give you a first look at the future.