China’s Crypto Market: Digital Yuan as an Alternative to Private Cryptocurrencies

... firm and unshakeable in the global finance system, it is an urgent task for China to take the leading positions in Asia’s finance systems. A successful launch of the digital yuan could subsequently expand its use, for instance, to service transactions ... ... unregulated market, and their uncoordinated actions will continue to ensure that crypto currencies remain highly volatile. Unlike the bitcoin, with its energy-intensive blockchain proof of work, other cryptocurrencies use the more energy-saving proof of stake ...