Royal Bank of Canada analyst: US pressure on Libra will push China's central bank digital currency to dominate in emerging economies

According to Cointelegraph, analysts at RBC Capital Markets said in an interview: "If US regulators finally suppress Libra and decide not to draft regulations that encourage US encryption innovation, China's central bank digital currency ( CBDC) may be strategically advantageous and will become the de facto global digital currency in emerging economies."