As testing continues on China’s much-anticipated digital currency, how much will this help to internationalize the Renminbi while undermining the US dollar? Image credit: Shutterstock How will the digital yuan impact luxury consumption?
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Retail | No Comments
As testing continues on China’s much-anticipated digital currency, how much will this help to internationalize the Renminbi while undermining the US dollar? Image credit: Shutterstock 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","iv":"33430d17f2dbffafe043bdceae98d284","s":"17711976bff62f9d"}