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Blockchain technology is about to transform every trust-based interaction of our lives, from financial services to identity, from health care to our Internet of Things devices. In this podcast, host Laura Shin talks with industry pioneers across tech, financial services, health care, government and other sectors about how the blockchain and cryptocurrency will open up new opportunities for incumbents, startups and everyday people to interact more efficiently, directly and globally.

Aug 13, 2019

Dong He, deputy director of the monetary and capital markets department of the IMF, and Yan Liu, Assistant General Counsel at the legal department of the IMF, talk about central bank digital currencies (CBDCs): the current level of interest among central banks in issuing them, what concerns they need to address when designing them, and how commercial banks might be affected, depending on the design of the CBDC. We discuss how privacy could be built into such a currency while also fulfilling anti-money laundering and counter terrorist financial regulations and how a CBDC could affect the IMF's ability to achieve its goal of financial inclusion. Plus, we also cover how crypto assets being widely adopted could influence economies, as well as Facebook's Libra.  

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Episode links:


Dong He:

Yan Liu: 

Speech by IMF managing director Christine Lagarde on the case for new digital currency: 

He’s speech on monetary policy in the digital age:

Article on how crypto assets could reduce the demand for central bank money:  

The IMF on Libra:

Unconfirmed episode with Michael Casey on why it would be good if Libra rivaled the US dollar:

Also check out this Unchained episode from the Oslo Freedom Forum, which dived deeply into the issues around privacy vs. keeping out bad actors:

And this Unchained episode with Alex Gladstein of the Human Rights Foundation, which covered similar issues: