BREAKDOWN: Is China Poised to Nationalize Alibaba?

The International Business Times reports China might nationalize Alibaba. Here’s what that has to do with China’s digital currency efforts. 

This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co.

Today on the Brief:

Whales accumulated during yesterday’s crash Kentucky legislators introduce bill to attract crypto minersUBS lowers the threshold for charging savers because of negative interest rates

Our main discussion: What China’s prospective nationalization of Alibaba has to do with the nation’s digital currency efforts. 

In this episode, NLW:

Gives a background on China’s digital currency projectDiscusses why the DCEP is motivated by a larger attempt to internationalize the RMBBackground on Alipay, Ant Financial and AlibabaHow Alibaba founder Jack Ma annoyed the CCP and why he hasn’t been seen publicly in two months

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