The US needs to embrace privacy-focused crypto in order to compete with China’s digital RMB.
Co-founder and managing partner at Electric Capital, Avichal Garg, is convinced the only way for the US to catch up with China in the digital currency war is by embracing privacy-focused cryptocurrency.
According to Garg, the Chinese are already far ahead of the US in the digital currency race – their DCEP, or Digital Currency Electronic Payment, is due to launch by the end of the year.