Will a digital yuan change the world?

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Nope. Via FTAlphaville:

We like a little futurism. But elements of Deutsche Bank’s boldly titled “Imagine 2030” report, the latest edition of its “Konzept” periodical, already belong in the past. Chiefly what they have to say about the rise of “crypto”. From the report, published last week:

They had been around for a while, but it was not until 2017 that cryptocurrencies really gained global attention as the price of a Bitcoin surged to almost $20,000. When Facebook announced Libra, its new cryptocurrency payment system, earlier this year, the conversation hit all levels of society and politics.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.