9 Dec 2019

China cybercurrency threat to global financial order?

From Nine To Noon, 9:39 am on 9 December 2019
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China is poised to mint its own cryptocurrency, so what are the implications ? The move is spooking some US economists who say a wide uptake of the new currency could undermine things like economic sanctions, the tool of choice to respond to major geo-political challenges. Meanwhile there are privacy concerns about it in China because of its ability to track citizens spending. Tax specialist Campbell Pentney, is a cryptocurrency expert and a senior associate with law firm Bell Gully.