Today on the Brief:
Whales accumulated during yesterday’s crash
Kentucky legislators introduce bill to attract crypto miners
UBS lowers the threshold for charging savers because of negative interest rates
Our main discussion: What China’s prospective nationalization of Alibaba has to do with the nation’s digital currency efforts.
In this episode, NLW:
Gives a background on China’s digital currency project
Discusses why the DCEP is motivated by a larger attempt to internationalize the RMB
Background on Alipay, Ant Financial and Alibaba
How Alibaba founder Jack Ma annoyed the CCP and why he hasn’t been seen publicly in two months
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