China Sprints Ahead in Race to Modernize Global Money Flows

Contributing sentiments towards policy:

52% : He also said "each participant commercial bank involved in testing on the mBridge platform is obliged to comply with applicable laws and regulations, including those related to tax compliance, money laundering and sanctions enforcement."
41% : While critics caution that it would give the parties a much better chance of dodging the dollar and circumventing sanctions or taxes, backers say the setup would remove significant friction.
39% : A digital alternative to dollar-based settlement, critics say, could make it easier to evade sanctions, taxes and rules on money laundering, while fragmenting global payments into competing systems that further kindle geopolitical tensions.

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