China is leading the digital currency pack. Do we need to keep up? - a podcast by Marketplace

China is rolling out its own digital currency. It is not a cryptocurrency, it’s an all-electronic version of the yuan, designed to replace cash in circulation, and it’s controlled by China’s central bank. The country has been testing it in a few cities. Unlike Bitcoin, the digital yuan is not anonymous. In fact, it could mean that the central government can track spending better than ever before. It could also potentially compete with the U.S. dollar in global finance. And it actually lets the Chinese government keep the country’s tech giants from taking over its financial system. “Marketplace Tech” host Molly Wood speaks with Jennifer Pak, Marketplace’s China correspondent.

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