CNBC SQUAWK BOX: China’s digital yuan could challenge the dollar in international trade this decade

Very proud of my interview on CNBC’s Squawk Box which was used for an article as well.  Below are links to the article and some highlights:

Key quotes:

“What you’re going to see in the future is a rollback, a risk management exercise that seeks to slowly and maybe just slightly reduce the dependence on dollar, from 100% down to 80%, 85%,” he said.

 

Turin said the world’s second largest economy is currently “ahead in all financial technology by a decade.” He added the U.S. would take “easily another five years” just to get out of planning and trials for a potential digital dollar.

 

Richard Turrin, fintech consultant and author, says “the last thing that China wants to do with its … new baby of a currency [e-CNY] is to get it put into the mud while in the sanction-busting game.”

Link to the CNBC article:

China’s digital yuan could challenge the dollar in international trade this decade, fintech expert predicts