Former Chief Economist of the IMF: China's digital currency may regulate the global financial stage by reducing cross-border payment fees

In a recent interview with CNN, former Chief Economist of the International Monetary Fund (IMF), Kenneth Rogoff was asked if it is possible for China's digital currency to regulate the global financial stage by reducing the cost of cross-border payments. Rogoff responded that this could happen because China's successful implementation of digital currency requires legal transactions around it. He added that while the United States and Europe may restrict China's digital currency within its borders, other countries in Asia and South America may not.