🪙 Franklin Templeton's Crypto ETF: A Step Towards Regulated Digital Asset Investment

🔍 Franklin Templeton is seeking SEC approval for its Crypto Index ETF, which aims to provide institutional investors with regulated access to bitcoin and ether. The ETF will be listed on the Cboe BZX Exchange under the ticker symbol "EZPZ" and will exclusively hold these two digital assets, with Coinbase Custody Trust Company as the custodian.

➡️ The latest amendment to the Form S-1 Registration Statement was filed on February 6, 2024, detailing the fund's structure and regulatory progress. The original filing occurred on August 16, 2024. The Franklin Crypto Trust, a Delaware statutory trust, will issue shares of the ETF.

📝 The regulatory review process began on September 19, 2024, when the Cboe BZX Exchange proposed a rule change to the SEC. This proposal was published for public comment on October 8, 2024, and the SEC extended its review period on November 20, 2024. An amendment to the proposal was filed on December 17, 2024, followed by a request for public comments from the SEC on December 18, 2024.

💰 The ETF will issue shares in "Creation Units" of 50,000 shares, with authorized participants conducting transactions in cash. Importantly, the fund will not engage in staking or other yield-generating activities with its digital asset holdings.

📈 Franklin Resources Inc., the parent company of Franklin Templeton, has already made an initial investment of $100,000 by purchasing 4,000 shares at $25 each. This investment was converted into bitcoin and ether in preparation for the ETF's public launch.

⚖️ The Franklin Crypto Index ETF aims to provide a regulated and cost-effective way for investors to gain exposure to digital assets while tracking the performance of the underlying index. However, trading will only commence once the SEC completes its regulatory review process. The prospectus emphasizes that

these securities may not be sold until the registration statement filed with the SEC is effective.

➡️ Russia and India Strengthen Financial Ties Amid Global Dedollarization

💱 Russia and India are increasingly conducting their trade in national currencies, with nearly 90% of direct transactions now settled this way. This shift is part of a broader global trend towards dedollarization, where countries seek to reduce their reliance on the U.S. dollar for international trade.

Mutual payments in national currencies are stable. As of today, national currencies account for around 90% of direct payments between Russia and India,

said Russian Ambassador to India Denis Alipov. He also mentioned ongoing discussions about mutual recognition of Russia’s Mir and India’s RuPay payment systems, which could further enhance financial integration between the two nations.

📈 Trade between Russia and India has been on the rise, with Indian statistics reporting an 8.6% increase in bilateral trade during the first 11 months of 2024.

According to Indian statistics, bilateral trade added 8.6% in 11M 2024 and amounted to $64.5 bln,

Alipov stated. He highlighted that Russian exports reached $60 billion (up by 7.7%), while imports from India rose to $4.5 billion (up by 23.3%).

🌍 This growing trade relationship underscores Russia's position as one of India's top trade partners, being the second-largest supplier after China. The increasing use of national currencies in their trade reflects a global shift towards reducing dependence on the dollar amid changing geopolitical and economic landscapes.

The potential recognition of the Mir and Rupay payment networks could simplify trade settlements and further strengthen economic ties between Moscow and New Delhi,

the ambassador noted. As Russia solidifies its role as India's key trading partner, these developments indicate a deepening of financial and trade cooperation between the two countries.

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⚠️ Kiyosaki's Dire Predictions: Market Crash, Depression, and War Ahead

🗣 Robert Kiyosaki, the financial educator renowned for his book Rich Dad Poor Dad, has issued a stark warning about the impending state of the global economy. He cautions against the expectation of a "soft landing" and urges individuals to prepare for a severe economic downturn.

📉 In a post on social media platform X on February 13, Kiyosaki highlighted the accelerating layoffs across various sectors, stating:

Layoffs to accelerate. Trump to eliminate 65,000 jobs. Even oil companies laying off thousands of workers because the economy is contracting. Car companies such as Nissan and Volkswagen laying thousands of workers.

He further emphasized,

It’s not going to be a soft landing. Stop dreaming. Prepare for a market crash, possible depression, and war.

🔴 Kiyosaki stressed the importance of preparation over blind optimism, warning against government assurances. He advised,

Best to ‘prepare’ than to spend your life ‘pretending’ … believing in the tooth fairy.

He continued,

Best way to prepare for the crash is stop listening to government officials who promise a ‘soft landing.’ Time to get back to real life.

📌 While Kiyosaki has a history of predicting economic downturns, not all of his forecasts have come to fruition. He previously pinpointed February 2025 as a critical moment for a major stock market crash. Despite the uncertainty surrounding his predictions, his latest message resonates with many who are increasingly wary of economic instability.

📈 SEC Seeks Candidates for Investor Advisory Committee Amid Pro-Crypto Shift

🗓 On February 14, the U.S. Securities and Exchange Commission (SEC) announced its search for candidates to join its Investor Advisory Committee. This committee, established under the Dodd-Frank Act, plays a crucial role in advising the SEC on regulatory priorities, securities products, and investor protection initiatives. The SEC stated,

The purpose of the Investor Advisory Committee is to advise the Commission, protect investor interests and promote the integrity of the securities marketplace.

➡️ The SEC is particularly interested in individuals who can represent senior citizens’ interests and those who can fill at-large membership positions. The deadline for applications is March 15, 2025. The committee has the authority to submit findings and recommendations to the SEC, and its members are selected from experienced representatives of both retail and institutional investors.

🗣 SEC Acting Chairman Mark T. Uyeda emphasized the importance of diverse investor perspectives, stating,

We look forward to receiving candidates who want to serve on the Investor Advisory Committee. Obtaining a variety of investor views helps the SEC to fulfill our mission on behalf of American issuers and investors.

❗️ The committee is led by Chair Brian L. Schorr from Trian Fund Management, Vice Chair Paul Roye from Fund Business Management Group, Secretary Colleen Honigsberg from Stanford Law School, and Assistant Secretary George S. Georgiev from Emory University. Other notable members include James Andrus of Franklin Templeton and Nancy LeaMond of AARP.

📧 The SEC encourages interested individuals to email a letter of interest to iac-candidates@sec with details about their relevant experience. Candidates must specify their desired role and reapply if they have previously submitted an application.

🔄 This announcement comes as the SEC undergoes a shift in its regulatory approach under Uyeda's leadership. Following the departure of Gary Gensler, the agency has adopted a more pro-crypto stance. Commissioner Hester Peirce is leading a new task force focused on revising digital asset regulations. This shift aligns with President Donald Trump’s pro-crypto position and reflects a growing demand among policymakers and financial institutions for clearer regulations and greater innovation in the cryptocurrency space.

🚀 Crypto Leaders Unite Against SEC Overreach in Support of Elon Musk's DOGE Initiative

💬 Crypto industry leaders, including executives from Coinbase and Ripple, are rallying behind Elon Musk's Department of Government Efficiency (DOGE) initiative. This initiative seeks public input on issues like waste and fraud within government agencies, particularly the Securities and Exchange Commission (SEC).

DOGE is seeking help from the public! Please DM this account with insights on finding and fixing waste, fraud and abuse relating to the Securities and Exchange Commission,

DOGE’s SEC audit account posted on social media platform X.

➡️ Paul Grewal, Chief Legal Officer of Coinbase, suggested a policy change to discourage excessive SEC litigation. He proposed that

defendants who defeat SEC lawsuits get all their attorney fees and costs from the Commission budget.

Attorney John Deaton also expressed concerns about the SEC’s lawsuit against Dragonchain, labeling it another example of regulatory overreach. He urged key figures to examine the case and questioned the motivations behind the lawsuit.

⚖️ Stuart Alderoty, Chief Legal Officer at Ripple, criticized the SEC’s practice of filing “follow-on” enforcement actions after the Department of Justice (DOJ) has already prosecuted financial crimes. He stated,

One major source of waste at the SEC is its habit of filing ‘follow-on’ actions after the DOJ has prosecuted claims (see FTX).

Alderoty emphasized that these cases often add little value and are more about headlines than investor protection.

🔄 Following Gary Gensler’s departure, the SEC has undergone significant leadership changes and policy shifts. Acting SEC Chair Mark Uyeda, known for his pro-crypto stance, has appointed Commissioner Hester Peirce to lead a newly formed crypto task force. This initiative aims to develop a clear regulatory framework for digital assets, reflecting President Trump’s strategy to promote digital currency adoption and reduce regulatory hurdles.

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➡️ Trump Declares End to Biden's 'War on Crypto' at Miami Summit

🚀 During a recent speech at the FII Priority Summit in Miami, President Donald Trump proclaimed the conclusion of the Biden administration's "war on bitcoin and crypto." He positioned his administration as a driving force for U.S. leadership in digital currency innovation.

🌍 Trump emphasized his commitment to making America the "crypto capital" of the world, citing bitcoin's recent all-time highs as a sign of market confidence in his economic agenda. He stated,

Since the [November] election, America’s economic engines have come roaring back to life in just a very short period of time

and highlighted a nearly 10% surge in the Nasdaq.

📉 The president criticized Biden-era policies, attributing "crushing regulations" and "rampant inflation" for stifling innovation. He contrasted this with his administration's approach, framing it as essential to a "Golden Age of American prosperity."

👏 Trump's pro-crypto stance received applause from attendees, including Saudi officials and tech executives. He concluded by reaffirming his pledge to keep the U.S. at the "forefront of everything," particularly in the realm of cryptocurrency.

📈 Grayscale's Spot Polkadot Fund Filing Amid Regulatory Changes

🌐 Grayscale Investments has submitted a filing for a spot Polkadot fund on Nasdaq, amidst a changing regulatory landscape that also includes ETF proposals for various cryptocurrencies such as XRP, LTC, SOL, DOGE, and HBAR. The filing, made as a Form 19b-4, aims to list the fund under the ticker "DOT", providing investors with a regulated way to access Polkadot (DOT) without directly holding the token.

➡️ The SEC is currently reviewing the filing within a 45-day period to determine if it meets all regulatory standards. However, approval is uncertain due to increased scrutiny of digital asset products and past challenges faced by similar ETF proposals. The recent changes under the Trump administration may influence the outcome, potentially paving the way for several altcoin ETFs to receive approval.

📊 Grayscale, known for its Bitcoin Trust (GBTC), is expanding its offerings to include publicly listed altcoin ETFs. This move reflects a growing institutional interest in regulated crypto investment vehicles. Polkadot is a blockchain that facilitates interoperability and utilizes DOT for governance, staking, and network connectivity.

🔍 Market analysts suggest that this filing could increase investor access to DOT and heighten competition among asset managers. Early reactions show mixed sentiment, with DOT trading around the mid-$4 range. However, this development may boost DOT demand as investors seek regulated exposure to emerging digital assets in the ETF market.

🚀 Grayscale's filing for the spot Polkadot fund marks a significant step towards diversifying crypto investment options. The ongoing review by the SEC of this filing and other ETF proposals underscores a broader shift within the industry. As these latest filings progress, any cryptocurrency could be next for review.

🪙 Bybit Hackers Disperse Stolen Ethereum Amid Market Decline

🔍 Recent reports from blockchain tracking platforms indicate that the Bybit exploitors have strategically moved 230,645.05 ETH (approximately $497.4 million) over a span of four days. This deliberate redistribution underscores the significant movement of cryptographic assets.

➡️ Initially, it was believed that the Bybit hackers, potentially associated with the Lazarus Group linked to Pyongyang, would retain their stolen assets for an extended period. However, they have executed a careful fragmentation of the stolen ethereum, spreading it across numerous wallets to obscure their digital traces.

🔄 These state-sponsored actors have utilized algorithmic marketplaces (DEXs) for token exchanges, converting ETH into other cryptocurrencies through covert financial strategies. They also leverage multi-network bridges to transfer assets across various blockchains, a method aimed at evading traditional blockchain analysis. Additionally, there has been a conversion of funds into bitcoin (BTC).

📉 Four days ago, it was reported that wallets associated with the Bybit hack held 449,395.23 ETH, valued at around $1.26 billion. This amount has now decreased to 218,750.18 ETH, spread across 56 different addresses. During this time, the attackers successfully transferred 230,645.05 ETH, worth $497.4 million at current exchange rates. This outflow of funds has contributed to a decline in ETH’s price amidst a broader crypto market downturn.

📊 Over the past 24 hours, ETH has dropped by 6%, extending its 30-day decline to 30.2%. The cryptocurrency has fluctuated between $2,082 and $2,329 throughout the day, with a trading volume of $38.11 billion, largely driven by ongoing sell pressure.

💰 The $200 Trillion Bitcoin Boom: Michael Saylor's Bold Predictions

🌍 Michael Saylor, executive chairman of Microstrategy, predicts a dramatic increase in Bitcoin's market cap, projecting it will soar from $2 trillion to $200 trillion as global capital from China, Russia, Europe, Africa, and Asia fuels its ascent. In a recent CNBC interview, Saylor discussed the potential of a U.S. strategic crypto reserve that includes Bitcoin and other major cryptocurrencies like ether (ETH), XRP, solana (SOL), and cardano (ADA).

📈 Saylor expressed optimism about President Donald Trump’s proposal for a U.S. crypto reserve, stating,

this is bullish for bitcoin and bullish for the entire U.S. crypto industry.

He argued against a bitcoin-only approach, advocating for a more inclusive strategy that recognizes digital commodities, stablecoins, digital securities, and utility-based tokens as essential components of a robust digital asset policy.

🚀 He emphasized the potential for exponential growth in Bitcoin's value, stating,

It’s going to $20 trillion, then it’s going to $200 trillion, then it’s growing 20% a year.

Saylor clarified that Bitcoin does not compete with the U.S. dollar but rather with international real estate and global equities. He suggested that securing a portion of the Bitcoin network could help reduce the national debt.

📊 Addressing concerns about Bitcoin's volatility, Saylor pointed to its historical resilience, stating,

I don’t think anybody’s ever lost money in the Bitcoin network holding four years.

He compared Bitcoin to long-term national investments and highlighted its impressive performance, noting that his company's investment has grown from $250 million to almost $50 billion in just 48 months.

➡️ Russia's Regulated Cryptocurrency Market: A New Era for Investors

🗣 Russia is advancing towards establishing a regulated cryptocurrency market, aimed at “super-qualified” investors within a strict legal framework to maintain financial stability. The Russian Finance Ministry and central bank are in discussions about creating a trading market for experienced investors, as reported by Interfax on March 5.

⚡️ Alexei Yakovlev, director of the finance ministry’s financial policy department, highlighted the importance of this initiative at the Asset Management Market Leaders Forum. He stated,

When we talk about digital currency trading, it’s not just an idea – it’s a task that has been set.

He expressed hope for its implementation soon, likely through an experimental legal regime.

🔍 The proposed market will cater to a new category of “super-qualified” investors, which is still being defined. Yakovlev mentioned,

This will be aimed at ‘super-qualified’ investors – a category that does not yet exist.

This group is expected to include professional market participants and individuals with high financial and expertise standards. The threshold for qualified investors is set to increase from 12 million rubles to 24 million rubles next year.

📊 He elaborated that if the experimental legal regime, the super-qualified investor category, and risk mitigation measures align, a specific initiative may be proposed to the government. Ongoing discussions involve collaboration between the finance ministry, central bank, and market participants.

🚫 While Russian citizens can buy and hold cryptocurrency, its use for payments is banned, and trading primarily occurs on foreign platforms due to the lack of a centralized Russian crypto exchange. Since September 1, the central bank has been allowing select foreign trade participants to conduct cryptocurrency transactions under a special legal framework.

🛠 Yakovlev acknowledged that significant work is needed before broader adoption can be considered. He stated,

This is still in its early stages. We need to justify it and address key questions.

The finance ministry and central bank are prioritizing economic stability and investor protection while evaluating the proposal.

🪙 Trump's Strategic Bitcoin Reserve: A New Era for U.S. Digital Assets

🔍 This week, the crypto community has been buzzing about President Trump's recent announcement regarding the establishment of a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile. This follows Trump's revelation on Truth Social that XRP, SOL, and ADA would be included in this initiative, despite the fact that the U.S. government has not officially seized these assets.

⚡️ After signing the Strategic Bitcoin Reserve Executive Order, David Sacks, the nation's Crypto Czar, clarified key points about the EO on X. He emphasized that a bitcoin reserve would be created and assured that the U.S. government would not sell any confiscated coins. Sacks stated that the U.S. Digital Asset Stockpile would consist of digital assets other than bitcoin obtained through forfeiture proceedings.

The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings.

⚖️ This raises concerns for ADA, XRP, and SOL holders since the U.S. government has never publicly confirmed its holdings of these assets. Onchain analytics show no evidence that these coins have been in government custody after previous seizures. In contrast, there is documented evidence of over 198,000 BTC ($16.26B) confiscated by the government over the years.

📊 As of March 9, 2025, the U.S. government holds 60,850 ETH valued at $122.96 million, which could be liquidated for 1,522.86 BTC. Additionally, it retains 122 million USDT that could yield approximately 1,500 BTC. The government also possesses 750.722 WBTC valued at $61.69 million, 40,293 BNB worth $22.34 million, and various balances in BUSD and AUSDC that could collectively provide up to 5,004.55 BTC if liquidated.

🔄 Trump's Crypto Czar has already indicated that some crypto assets might be reallocated into BTC for better portfolio management. This development marks a significant shift in how the U.S. government approaches digital assets and could have lasting implications for the crypto market.

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⚖️ XRP Lawsuit: Here Are The Possible Outcomes of the Ripple vs SEC Case 🏛

Expert outlines five possible outcomes for the XRP lawsuit, with the highest probability being the regulator dropping its appeal in the Ripple vs SEC case.

👉 Read more

🌍 The U.S. Strategic Bitcoin Reserve: A Game Changer for Global Finance

💡 Ryan Rasmussen, head of research at Bitwise, recently highlighted a significant market oversight regarding the U.S. Strategic Bitcoin Reserve. He stated on March 10,

The market is grossly underestimating the long-term impact of the U.S. Strategic Bitcoin Reserve.

🗓 This reserve was established by an executive order signed by President Donald Trump on March 6. It aims to position the United States as a leader in digital asset strategy, funded by approximately 200,000 BTC (valued at around $17 billion) seized through legal actions. This move is designed to integrate digital assets into the national financial framework without additional taxpayer costs.

📈 On March 11, Rasmussen noted a significant increase in corporate BTC acquisitions, stating that in 2024, public companies purchased twice as much bitcoin as in all previous years combined. He emphasized,

In 2024, public corporations purchased twice as much BTC as all prior years combined. These 70+ companies now own a combined $52 billion worth of bitcoin (3% of the total supply).

🌐 Rasmussen outlined the broader implications of the U.S. Strategic Bitcoin Reserve, suggesting it would encourage other nations to follow suit and remove barriers for wealth managers, financial institutions, and pensions. He remarked,

A U.S. Strategic Bitcoin Reserve means… other countries will buy bitcoin, wealth managers have no excuse, financial institutions have no excuse, [and] pensions/endowments have no excuse.

🔍 He further noted that this development diminishes the fear of the U.S. selling its bitcoin reserves and increases the likelihood of states purchasing bitcoin. He concluded by urging a broader perspective on bitcoin's evolving role in global finance:

Zoom out.

💰 Low-Cost Transactions in Bitcoin and Ethereum Networks

📉 Recent analyses indicate that onchain transactions for Bitcoin and Ethereum are maintaining low fee structures. The Ethereum network's transaction costs have remained below 1 gwei, while Bitcoin's protocol activity has seen a slight increase in volume.

➡️ On March 15, 2025, prioritizing speed for ether transactions costs about 1.53 gwei ($0.05), with standard transfers averaging 1.07 to 0.57 gwei ($0.03 to $0.02). Ethereum typically handles 1 million to 1.358 million daily transactions. Activities such as DEX swaps, NFT sales, bridging, and borrowing continue to incur minimal costs.

Swapping tokens on the ETH network currently demands about $0.81 for expedited processing, though savvy users can secure a trade for as little as $0.30.

🖼 NFT enthusiasts may spend $1.38 for priority sales but often manage with $0.51. Bridging assets costs $0.10 and borrowing protocols require $0.69. Moving ETH directly is cheaper than using smart contracts due to differences in computational resources.

🔄 Over the past 30 days, Bitcoin's daily transaction volume ranges from 300,000 to 530,000 transfers. The mempool shows 13,089 unconfirmed transactions as of Saturday evening. A high-priority transfer costs 2 satoshis per virtual byte (sat/vB), averaging around $1.03 based on current BTC exchange rates.

📊 Sustained low fees for both Bitcoin and Ethereum transactions reflect modest demand and favorable conditions for users. As users engage in swaps, NFT trades, and bridging with minimal ETH costs, the current environment offers an opportune moment for seamless blockchain interactions. This trend is also evident in Bitcoin's ecosystem, where transaction fees align with those observed in Ethereum. The persistence of this trend will depend on shifting market dynamics and network congestion.

💱 Vaulta: EOS Rebrands for Web3 Banking Transition

🔄 EOS is rebranding to Vaulta as it shifts focus towards Web3 banking. This transformation includes the introduction of a new digital asset, enabling EOS holders to exchange their tokens on a 1:1 basis for the new currency.

🚀 Vaulta plans to launch its token by May 2025, replacing EOS through a direct swap. The project aims to serve as a bridge between traditional finance (TradFi) and decentralized finance (DeFi), with ambitions for Bitcoin integration, tokenized real-world assets (RWAs), and rapid transactions. Its roadmap includes collaboration with exSat, a Bitcoin-focused layer currently securing $557 million in locked assets.

⚖️ However, Web3 banking faces regulatory challenges. Vaulta's attempt to merge compliance-driven TradFi with decentralized frameworks is daunting due to the industry's history of regulatory issues. Nonetheless, the company emphasizes its advisory board includes members from Systemic Trust, ATB Financial, and Tetra Trust.

📈 Vaulta anticipates a variable annual percentage yield (APY), projecting a 17% annual return for stakers. Partnerships with firms like Ceffu and Spirit Blockchain will support yield strategies, fractionalized asset ownership, and blockchain-based insurance solutions. Starting in May 2025, EOS token holders can swap their holdings for Vaulta’s new asset through a dedicated portal, with centralized exchanges facilitating conversions.

🔜 The team stated,

While the new brand identity (Vaulta) has been announced, details regarding the new token ticker will be strategically revealed at a later date.

The portal swap will remain bi-directional for four months. The new token will provide governance rights, staking rewards, and access to RWA investments.

📊 Recently, EOS saw a 15% increase, trading at $0.5756 per unit with a global trade volume of $169 million. Despite this momentum, EOS has declined 41.4% against the U.S. dollar over the past year and remains 97.5% below its all-time high from 2018.

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💱 Dollar-Pegged Stablecoins Strengthening U.S. Dollar's Global Dominance

💬 Chinese economist Zhang Ming argues that U.S. dollar-pegged stablecoins are enhancing the global dominance of the U.S. dollar, rather than cryptocurrencies like Bitcoin or Ethereum. Ming, who is the deputy director of the Institute of Finance and Economics at the Chinese Academy of Social Sciences, emphasizes the "link" between stablecoins and the U.S. dollar, which he believes gives these digital assets characteristics similar to the sovereign currency.

📈 In a recent op-ed, Ming asserts that this connection to the U.S. dollar is extending its hegemony. He points out that residents and businesses in inflation-stricken countries are using stablecoins as a store of value. Additionally, he highlights the role of U.S. dollar stablecoins in providing liquidity support within the decentralized finance (DeFi) ecosystem as evidence of their contribution to strengthening the international status of the U.S. dollar.

➡️ Observers note that the potential passage of stablecoin bills by the U.S. Congress could further enhance this role. Some lawmakers are advocating for legislation that would require stablecoin issuers to back their coins solely with U.S. Treasuries. However, opponents argue that such measures could harm Tether, the issuer of the largest stablecoin by market capitalization, USDT.

⚖️ Critics are divided on this issue. While some believe that compelling stablecoin issuers to hold U.S. Treasuries would maintain dollar hegemony, Tether CEO Paolo Ardoino has stated that his company is already contributing to this goal by holding billions in U.S. debt.

🟢 On the other hand, Ming suggests that China can counter these efforts by issuing its own stable currency. He proposes increasing the use of the digital yuan on Chinese internet platforms to boost the international status of the renminbi (RMB). Furthermore, he advocates for the trial and promotion of digital special drawing rights (e-SDR) at the International Monetary Fund (IMF) level.

The flourishing of various digital currencies is naturally better than the U.S. dollar monopolizing the development track of digital currencies. e-SDR can expand the use of supranational reserve currencies in the digital field and virtual space, and also help promote the diversification of the international monetary system,

Ming stated.