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The Chinese regime hopes it can use a digital yuan to challenge the supremacy of the US dollar. That brings a host of geopolitical advantages, as well.
Original Article: "Why Beijing Wants a Digital Yuan"
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
A graduate of Spring Arbor University, J.S. Mullen is a current graduate student in the political science department at the University of Illinois. An author and blogger, his work can be found at http://www.jsmwritings.com.