Digital Currency Dynamics: Power and Competition

This chapter explores the implications of digitization and tokenization in international monetary power struggles, particularly the potential impact of central bank digital currencies on the US dollar's dominance. It highlights China's efforts to digitize its currency and the evolving financial ecosystem, along with the competition from non-governmental cryptocurrencies and private initiatives like those from Facebook and Amazon. The discussion emphasizes how these developments are reshaping the global finance landscape amid rapid technological advancements and regulatory challenges.