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SBI Boss Says that China Is Leading the CBDC Race – Ahead of the USA and Europe

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The CEO of the Japanese financial heavyweight and crypto player SBI Holdings Yoshitaka Kitao has spoken out about central bank digital currencies (CBDCs) – and says China is currently leading the world in digital fiat technology.Kitao was quoted by the domestic media outlet Dime as stating:“China is the most advanced nation in the field of CBDC [technology], with the United States and Europe following suit.”He noted that in the world of trade finance, fiat was currently dominant, but asserted

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