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The Hoover Working Group on the Global Implications of China’s Central Bank Digital Currency, led by Darrell Duffie and Elizabeth Economy, is comprised of approximately 25 leading authorities in economics, technology, national security, and China studies. The Working Group will produce a multi-chapter report intended to inform US policymakers on the global implications of China's Digital Currency and Electronic Payment (DC/EP) system.

Digital Currencies: The US, China, And The World At A Crossroads

Digital Currencies: The US, China, And The World At A Crossroads

This multidisciplinary report explores the economic and sociopolitical motives for China’s central bank digital currency and its implications for privacy, international security, and the leading role of the United States in global finance. Among the key findings: The US government should advocate for democratic norms of privacy, accountability, transparency, and security in shaping the global standards for digital currencies, and should improve innovation and competition in its own payment systems.

Click here to learn more and download the report
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