On January 26, 2021, CNAS hosted a public event coinciding with the release of a new CNAS report titled China’s Digital Currency: Adding Financial Data to Digital Authoritarianism by Yaya J. Fanusie and Emily Jin. Beijing’s efforts to develop a central bank digital currency development will have critical ramifications for the Chinese Communist Party’s digital authoritarianism as Beijing seeks to influence the evolution of financial technology in the global banking system. This event examined how current developments in China’s development of its central bank digital currency, as well as its broader digital currency and electronic payments infrastructure, could expand the Chinese Communist Party’s authoritarian reach and create significant economic and security challenges for the global financial system.
Speakers offered recommendations for how Washington and the private sector can address the national security and financial stability implications of Beijing’s efforts.
Watch:
Featuring:
Yaya J. Fanusie
Adjunct Senior Fellow
Energy, Economics, and Security Program
Center for a New American Security
Matthew Johnson
Research Director
Garnaut Global
Linda Jeng
Global Head of Policy & Special Counsel
Transparent Financial Systems
Emily Jin
Research Assistant
Energy, Economics, and Security Program
Center for a New American Security
Read the report:
China’s Digital Currency
China is pushing aggressively to be a global leader in financial technology....
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