The successful application of the Chinese model of digital currency would reduce the ability of the United States to impose sanctions and blockades. Mangalore In mid-May 2021, people across the globe witnessed a major downfall in the market for Bitcoin and other cryptocurrencies. This steep fall was seen as a reaction to the latest crackdown by China. This step by the People’s Bank of China (PBOC) has emphasised to orient its actions towards financial and investment stability. The move has come at a time when there is widespread economic instability due to the ongoing coronavirus pandemic across the world. All...