In a news article published in the 3 January 2020 edition of the Lianhe Zaobao on digital currencies, TSMP Law Corporation Head of IP & TMT Adrian Tan said that China’s legal digital currency will bring great influence and may even replace the dominant role of the US dollar in global reserve currencies.

“For example, China may require companies involved in the Belt and Road Initiative to adopt Chinese digital currency transactions, otherwise the project will be pulled down. In this way, China’s influence will be further enhanced.”

The story can be found here: https://www.zaobao.com.sg/zfinance/news/story20200103-1018029