Harvard University’s Kennedy School carried out a live simulation of a White House National Security Council meeting on Nov. 19, featuring former senior administration officials and thought leaders. The “Digital Currency Wars” event examined a potential future scenario, following a North Korean missile test, potentially enabled by China’s proposed digital yuan.
The simulation was set two years in the future, with China’s digital yuan having theoretically been launched 20 months previously. The digital yuan has risen to not only dominate the Chinese domestic payments space, but its ease of use and the Belt and Road Initiative is seeing adoption spread across South East Asia.