Following Russia’s attack on Ukraine last week, the NATO allies have decided to impose sanctions cutting down Russia from the global SWIFT financial ecosystem. However, this could give rise to central bank digital currencies (CBDCs), especially the one developed by U.S’s economic rival China aka the Digital Yuan. Bloomberg analyst Andy Mukherjee writes that the The post China’s Digital Yuan Can Help Russia Bypass the SWIFT Sanctions, Here’s How appeared first on CoinGape.
