BREAKDOWN: Is China Poised to Nationalize Alibaba?

BREAKDOWN: Is China Poised to Nationalize Alibaba?

The International Business Times reports China might nationalize Alibaba. Here’s what that has to do with China’s digital currency efforts. This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co. Today on the Brief: Whales accumulated during yesterday’s crash Kentucky legislators introduce bill to attract crypto miners UBS lowers the threshold for charging savers because of negative interest rates Our main discussion: What China’s prospective nationalization of Alibaba has to do with the nation’s digital currency efforts. In this episode, NLW: Gives a background on China’s digital currency project Discusses why the DCEP is motivated by a larger attempt to internationalize the RMB Background on Alipay, Ant Financial and Alibaba How Alibaba founder Jack Ma annoyed the CCP and why he hasn’t been seen publicly in two months - Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io. - A new era of innovation on Bitcoin has begun. Stacks 2.0 enables secure apps and smart contracts on Bitcoin, unlocking new use cases and value while laying the foundation for a user-owned internet. https://stacks.co. Image credit: Wang HE/Getty Images News See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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