The Greenback Needs a Digital Makeover

the-greenback-needs-a-digital-makeover

Elephants in the Room


To preserve the dollar’s status as the world’s reserve currency, the United States can’t let China get ahead on cryptocurrency.


A woman uses her phone as she walks past an ATM for the digital currency bitcoin in Hong Kong on Dec. 18, 2017.

A woman uses her phone as she walks past an ATM for the digital currency bitcoin in Hong Kong on Dec. 18, 2017. Bitcoin has soared in recent weeks, breaking numerous records, and has risen more than 20-fold since the start of 2017.
/ AFP PHOTO / Anthony WALLACE (Photo credit should read ANTHONY WALLACE/AFP via Getty Images) Anthony Wallace/AFP/Getty Images

Tim Morrison is a senior fellow at Hudson Institute. He served as deputy assistant to the president for national security and senior director for counterproliferation and biodefense on the White House’s National Security Council.

More from Foreign Policy

By Taboola

Read More

Do NOT follow this link or you will be banned from the site!