Dear CBI Members,
Kindly find an insightful briefing into the likely options available to manufacturers, particularly in East Asia, regarding online and offline trading under regional trade agreements.
Author: Pindar Wong, VeriFi Ltd
Manufacturers in East Asia now have the option to settle trade under three major trade frameworks: the Regional Comprehensive Economic Partnership (RCEP), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Indo-Pacific Economic Framework. Will they continue to use the US dollar as the de facto unit of account for financial settlements, or will they choose cryptocurrencies like Bitcoin, or Central Bank Digital Currencies (CBDCs) such as China’s e-CNY?
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Our sincere thanks to EAF for providing this article by Pindar Wong of VeriFi Ltd
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