A cryptocurrency arms race

China’s rapid progress on creating a sovereign cryto currency, a so-called “digital Yuan” has kicked off a crypto currency arms race. Japan is the latest nation to announce they too, will launch a Sovereign crypto currency, “within two to three years”. About a two-minute read.

Comment: China’s sovereign crypto currency has created a near panic in some nations, who fear the digital Yuan will accelerate China’s rapidly growing global influence.  Yup, it most likely will.