We continue with our brief survey of crypto and digital currency initiatives from around the globe, all of which are officially sanctioned to enhance national competitive advantage (in the event crypto overtakes the US dollar as the global reserve currency). In previous posts, we provided an analysis of crypto and digital currency initiatives in El Salvador, Panama, Ukraine, India, Argentina, and Russia. Most recently, we provided an analysis of the major central bank digital currency (CBDC) initiative in the U.S., Project Hamilton, which is a technical collaboration between the Federal Reserve Bank of Boston and The MIT Digital Currency Initiative. 

We now set our sights on China, a country that has a markedly different policy approach to the global ascendance of bitcoin, cryptocurrency, and CBDC.