Malavika Jain Bambawale is a Research Fellow at Lee Kuan Yew School of Public Policy, in Singapore.
Just as technology has disrupted media, politics, and business, it is on the verge of disrupting America’s ability to leverage faith in its currency to pursue its broader national interests. The real challenge for the United States isn't Facebook's proposed Libra; it's government-backed digital currencies like the one planned by China.
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