China Is Leading the Way on CBDCs, Fanusie Says

The video discusses the current state of Central Bank Digital Currencies (CBDCs) in the US and China. While the US is conducting research, China is leading with extensive pilot projects and collaborations. The geopolitical implications are significant, as new digital financial infrastructures could impact US economic influence and sanctions power. The global shift towards alternative financial systems is inevitable, and the US must engage in setting new standards to maintain its influence.

In what ways are other countries besides China innovating in digital financial infrastructure?

What concerns arise from the possibility of alternative financial infrastructures being developed globally?