China is set to gain first mover advantage with the launch of a digital currency in the post-virus era as social distancing, remote working and online commerce become part of everyday life. While its ambition of dethroning the US dollar is a long-term goal, China will certainly push forward internationalisation of the yuan currency via increased cross-border usage. Carlo Cocuzzo, an economist specialising in digital finance at ING Bank, said: “The coronavirus pandemic could encourage central bank digital currency (CBDC) adoption throughout the world because of rising contactless payments and a bigger role for ... (full story)