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:
“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