Multicoin Capital's Beijing based partner Mable Jiang believes China is looking to leverage the rise of cryptocurrency, including both domestic bitcoin mining and a state issued currency, to supplant the US dollar an become the world's leading economic power.
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Currency 'cold war' takes center stage at Pre-Davos crypto confab
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For crypto conference regulars who recall the post-2017 token boom correction, this gathering might feel like falling into a time machine, complete with security token sales and closed-loop stablecoins. Meanwhile, the World Economic Forum (WEF) worked with 38 central banks around the world in 2019 to develop digital payment or asset strategies, according to Sheila Warren, the WEF’s head of blockchain and distributed ledger technology. From Cambodia to Colombia, many emerging nations plan to launch operational stablecoin projects, beyond pilots, in 2020.
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