Thinking About ChinaOpinionWill the Digital Yuan Challenge US Hegemony?Imminent debut of world’s first national cryptocurrency has very serious implications for US, the worldSavePrintA man uses his phone as he walks past ATM machines for digital currency Bitcoin in Hong Kong on Dec. 18, 2017. Anthony Wallace/AFP via Getty ImagesJames Gorrie6/10/2020|Updated: 6/23/2020CommentaryChina is now testing its digital version of the yuan after five years of development.We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.Share this articleLeave a commentJames GorrieAuthorJames Gorrie is the author of the 2013 book “The China Crisis” and discusses current events and China on his YouTube Podcast, The Banana Republican. Author’s Selected ArticlesVenezuela: China’s Proxy in America’s BackyardSep 15, 2025Putin and Xi Discuss Organ Transplants and Immortality in Hot Mic MomentSep 04, 2025Can the US Counter China’s Rare Earth Dominance?Aug 27, 2025Why Is the CCP Persecuting the Peaceful Falun Gong Spiritual Practice?Aug 20, 2025Related Topicsbitcoinyuandigital currencydigital yuan