Article taken from: finance.yahoo.com
Bloomberg Opinion) — The coronavirus has disrupted ;the world in very large ways. While that ;battle has been waged, however, another event has almost been missed: the ;birth ;of a new kind of fiat currency, which could forever reshape ;the relationship between money, economic power ;and geopolitical clout. […] Within China, though, there’s a more mundane explanation for why Beijing wants to turn banknotes in circulation into virtual tokens. […] Also, it’s possible to trace in real time whether an anti-virus subsidy, given out in tokenized form, is reaching the target. […] This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.
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