"China's Digital Yuan: Is Data the New Currency?" with Yaya Fanusie

Experts say digital currency could give Beijing a wealth of real-time transactions and individual profile data and tools to enact policy and increase its monitoring methods through direct access to its citizens’ digital wallets whether they are simply buying a cup of coffee or sending money to family. That poses privacy concerns, with China having used many tools in the past to crack down on dissidents.
On October 25th, we hosted Yaya Fanusie, Adjunct Senior Fellow in the Energy, Economics and Security Program at the Center for a New American Security (CNAS), Adjunct Fellow at the Center on Economic and Financial Power at the Foundation For Defense of Democracies (FDD), and Chief Strategist at Cryptocurrency AML Strategies, LLC for a luncheon. He shared his unique insights about data as the "new" currency in a digital economy, China's role in pursuing a digital currency platform that circumvents traditional financial models, and the future of financial institutions worldwide in this new global economic order.