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":"dcaa02dd8178daddffb152cd9a576dfd","s":"d57f69a4cb99ca22"}