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Michael Greenwald, Senior Advisor at The Atlantic Council and Director at Tiedemann Advisors, discusses the increasing need for decentralized cryptocurrencies and a larger decentralized digital monetary system in response to the world continually, and rapidly, becoming more digitized. He looks at the research already being conducted by some of the world’s most prominent economies, as well as pilot programs that can build the foundation of a centralized bank digital currency (CBDC). Notably, Greenwald analyzes the possibilities of the exploratory work led by Christina Lagarde, President of the European Central Bank and former Chair and Managing Director of the IMF, in developing a viable 'stablecoin'. This is a conversation, Greenwald says, that is reminiscent of a similar Bretton Woods meeting many years ago – and one that the US needs be a part of.
Michael Greenwald, Senior Advisor at The Atlantic Council and Director at Tiedemann Advisors, discusses the importance of Facebook’s hiring of former undersecretary of the US Treasury Stuart Levey, who will offer strategic guidance on its digital currency, Libra. A capable, experienced, and globally respected individual like Stuart Levey, Greenwald says, will offer a bridge between governmental financial policy and Libra, something he sees as a critical tool for success. In addition, Greenwald sees this move as a significant precedent for all potential digital currencies that will be released in the future.
