January 27, 2021

Geopolitics at Stake in US Response to China’s Digital Yuan: Report

Featuring Yaya J. Fanusie

Source: Coindesk

Journalist Benjamin Powers

China is leading the world in the development and piloting of a Central Bank Digital Currency (CBDC). With that lead comes increased scrutiny and concerns over the downstream effects a digital yuan might have regarding privacy and political power.

A new report from the Center for New American Security (CNAS) not only lays out in stark terms the history and state of China’s CBDC system but also reviews what few technical details of it are available and recommends policy steps the U.S. should consider in an escalating CBDC conflict.

Read the full story and more from Coindesk.

Authors

  • Yaya J. Fanusie

    Adjunct Senior Fellow, Energy, Economics and Security Program

    Yaya J. Fanusie is an Adjunct Senior Fellow at the Center for a New American Security (CNAS). His research focuses on the national security implications of cryptocurrencies an...