The Impact of CryptoSDRs and China’s Countermeasures
摘要
The birth of cryptoSDRs will inevitably have a significant impact on China’s industrial development, economic operation, legal formulation, policy transmission, currency finance, and other aspects. Especially since China’s financial system is not yet perfect, foreign exchange policies are still mainly based on foreign exchange controls, and the internationalization of Chinese yuan is not yet sufficient, it will be more affected. Therefore, the Chinese government needs to think ahead and adopt a new international monetary strategy.