Thinking About ChinaOpinionWill the Digital Yuan Challenge US Hegemony?Imminent debut of world’s first national cryptocurrency has very serious implications for US, the world00CopyFacebookXTruthGettrLinkedInTelegramEmailSavePrintA 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 ArticlesJapan Accelerates Defense Spending to Counter China ThreatOct 29, 2025Former Chinese Official Threatens US With ‘Devastating Consequences’Oct 27, 2025China’s Shift to Debt Collector in Developing Countries—From Lender to Loan SharkOct 27, 2025China Envisions ‘Dry Canal’ to Compete With Panama CanalOct 20, 2025Related Topicsbitcoinyuandigital currencydigital yuan