You’ve been hearing about crypto from your friends, your colleagues, random Twitter posts, and TV shows like Billions. OK, we hear you, maybe you’ve been hearing a little too much. Making millions and billions overnight seems unrealistic, fantastical—and you’d be right to roll your eyes at the unicorn tales. Underneath the hype, however, is a steadily growing, regulated, and accredited arm of a growing economic system that is gaining some serious traction. This is true across the world, but especially in mainland China where the central bank and government are developing their own digital currency as a means of economic future-proofing.
What is the Chinese coin?
No, it’s not made of gold or dragon’s breath, but yes, it’s a real, legitimate currency. It’s called the Central Bank Digital Currency (CBDC), which is issued by the government’s central…
