Written by Tomas Farinah Carney
Edited by James Edward Colombo

This Info Flash outlines the digitalization of China’s currency in 2021, opening the question of if the United States and the EU would respond to this shift with their own digital currencies. As a result, both the EU and the US are designing, debating and experimenting with their own versions of a central bank digital currency. Few discussions exist concerning the potential impacts on national defence industries within Europe, and as a result, there is a need to understand what potential consequences and benefits the digital currency transition could bring to the defence sector.