Do they even need or want English Domains anymore?
I’m not sure if the Chinese will ever dance to anyone else’s tune ever again.
That is unless the U.S pull a Rabbit out of a hat and give them some competition. Which after the embarrassment the US Congress made of themselves as they cross examined Zuckerberg last week is looking increasingly unlikely.
However, there is hope. Mark Carney, the Bank of England governor, has said that the world’s reliance on the US dollar “won’t hold” and needs to be replaced by a new international monetary and financial system based on many more global currencies.
There’s something going on for sure as US regulators (CFTC, FDIC, and the SEC) have just team up with The U.K’s top watchdog’s global financial technology sandbox. In a joint release, the regulators announced that they had joined the Global Financial Innovation Network (GFIN) seeking to identify the opportunities, challenges and risks facing the fintech industry.
They had just better get their skates on.