Commentary Beijing takes the lead in central bank digital currencies (CBDC) and the new era of expanding monetary and currency control around the world. Leave it to the world’s largest slave state to roll out the first national digital currency. Leveraging the global attention of the upcoming Winter Olympic Games in Beijing, the People’s Bank of China (PBOC) is preparing to present the digital yuan to the world. It may well be the worst thing to come out of China since the CCP virus. To understand why that may be, we need to know what a digital currency is. A New Form of Money Bitcoin was the first of a new form of money that was digital-based, not paper, coins, or any other form controlled by any financial institution. Cryptocurrency, via its many offerings today, is anonymous money that can be used throughout the world over the internet, beyond the …