Blockchain, the Core of the CCP’s Digital Currency in Its Ambition for Global Hegemony

An artist's rendering of blockchain technology. (Shutterstock)
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News Analysis The Chinese Communist Party (CCP) has been pushing its digital currency project in recent years. The CCP’s central bank has been conducting research on digital currencies since 2014. In August 2019, a report by the CCP’s mouthpiece Xinhua News Agency said that the Central Bank’s Digital Currency Research Institute, established in 2017, had so far “applied for 74 patents involving digital currency technology.”
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