The Us. Will Create Its Own Central Bank Digital Currency

Non-Fungible Tokens, or NFTs, have captured the attention of thousands over the past few weeks and months. This technology's use has encompassed various forms of digital art such as the popular depictions of cartoon apes. But, one country has begun looking beyond NFT’s use as a digital asset toward using it for the creation of a more centralized and restrictive internet ecosystem.

Lawfare fellow in cybersecurity law Alvaro Marañon sat down with Yaya Fanusie, an adjunct senior fellow at the Center for a New American Security, to speak about the China government’s vision for the next iteration of the internet. Yaya is an expert on the national security implications of cryptocurrencies and recently has written Lawfare posts analyzing China’s NFT and national digital currency initiatives. 

They broke down an NFT and the other technical acronyms, what the Chinese government’s aspirations are with its national blockchain project, and what the strategic risk to nation-states is if China can implement its technological vision. 

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