Too Long; Didn't Read
The Wall Street Journal has gone so far as to draw parallels between China’s original invention of paper currency to the digital yuan. The digital yuan is poised to affect the way global anti-money laundering (AML) initiatives are enforced. China has been called the “world's biggest source of ‘dirty’ funds,” with China accounting for nearly 50% of the $858.8 billion of illicit funds flowing into tax havens and western banks in 2010. China's constant dealings with threat actors to include North Korea and Iran in the political, military, and economic realms.