In response to the dollar’s dominance in the global financial system, several countries have begun to explore digital currencies as an alternative to the status quo. Photo: Shutterstock
Opinion
Opinion
Cryptocurrency: the next battleground in the US-China rivalry
- Washington’s weaponisation of the US dollar as a foreign policy tool depends on its pre-eminence as a global reserve currency
- But the emerging threat to this hegemony is e-currencies, and Beijing’s huge head start could put it in control of the world’s financial structure
In response to the dollar’s dominance in the global financial system, several countries have begun to explore digital currencies as an alternative to the status quo. Photo: Shutterstock
