In wargaming exercise, a digital yuan neuters US sanctions and North Korea buys nukes

By Nikhilesh De

China’s central bank digital currency (CBDC) has undermined the dollar’s dominance of the global financial system. North Korea has used the digital yuan to build and test nuclear missiles, safely evading financial sanctions imposed by Washington. And malicious actors are stealing funds from the SWIFT communications network to prove a point.

But don't worry. It's only a game, for now.

These scenarios were dreamed up by an all-star cast of former high-ranking U.S. officials during a wargaming exercise conducted Tuesday night. The simulated principals committee meeting (PC meeting) was held by the Harvard Kennedy School and Belfer Center for Science and International Affairs in Cambridge, Massachusetts.

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