March 03. 2021
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The Chinese are leading the effort to implement a digital currency. Starting first within China and then expanding to other nation’s around the globe, the People’s Bank of China, or PBOC, is developing a form of digital currency that enables controlled anonymity - privacy between parties involved in a transaction but full visibility of the transaction details by the Chinese state, in real time, of any and all transactions employing this digital currency system.
My guest for today’s podcast is Mr. Yaya Fanusie, an Adjunct Senior Fellow at the Center for a New American Security (CNAS). His research focuses on the national security implications of cryptocurrencies and blockchain technology.
Mr. Fanusie explains how this new digital currency system operates, the risks and benefits of this system to both the Chinese state and the commercial participants, and some issues that the US and its western allies need to bear in mind as this system begins to expand around the globe.
You can download a copy of Mr. Fanusie's paper here: https://www.cnas.org/publications/reports/chinas-digital-currency
February 02. 2021
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In 2013 China announced the Belt Road Initiative, a $1 trillion project to link together countries and economies to form a Chinese-centric economic ecosystem. These linkages include telecommunications systems, physical roads and bridges, and a financial system built around a digital currency that also employs elements of blockchain. To date, over 60 countries accounting for two-thirds of the world’s population have signed on to this project.
In this podcast, we have two subject matter experts discuss what these financial developments mean and could portend for the US. Our first contributor, Mr. Yaya 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 and blockchain technology.
Our second guest, Dr. Victoria Adams, is the Chief Innovation Officer at the Value Technology Foundation, and founder of ConsenSys, the largest pure play Ethereum blockchain firm in the world.