China’s fintech activity is evolving swiftly and the U.S. government needs to thwart this long-term threat by ensuring that the companies exploring new technical capabilities in the financial sector have an alternative to Chinese innovation.
Yaya J. Fanusie is a former CIA analyst and is currently an adjunct senior fellow at the Center for a New American Security. He also is the Chief Strategist at Cryptocurrency AML Strategies.
Subscribe to this Lawfare contributor via RSS.
A steady rush into retail crypto activity is occurring without a check of the regulatory blindspots. Many illicit actors will likely try to spend their ill-gotten crypto on goods and services online rather than cashing out into regular currency.
If or when a central bank digital currency is deployed in a major economy such as the United States, there will be unintended consequences.
The U.S. and China are in a race for blockchain dominance.
Cryptocurrency obfuscation tools and techniques are likely to play a growing role in financing threats to U.S. national security.