Digitizing the Chinese yuan—and eventually the dollar—would open new fronts in the fight over privacy and trade
THE NOT-TOO-DISTANT FUTURE—The National Security Council holds an emergency meeting. North Korea has launched a missile, capable of carrying a nuclear warhead within range of U.S. forces in Guam. At this rate, North Korea could land a nuke on the U.S. mainland in less than a year.
The shocking advance in capability despite heavy trade sanctions is due to a stream of money that the U.S. and its allies cannot monitor—a cryptocurrency. But it’s not one of the risky ones celebrated by overnight millionaires and largely avoided...
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