by Daleep Singh[*] [Speech in PDF is available at this link] Remarks delivered at the Harvard National Security Journal’s Symposium on Digital Currencies and National Security on October 14, 2022. [*] Chief Global Economist and Head of Global Macroeconomic Research at Prudential Global Investment Management (PGIM). Former Deputy National Security Advisor for International Economics and Deputy Director of the National Economic Council. The views expressed in this speech are the author’s own and do not represent any position of PGIM or the U.S. government.

by Christopher J. Waller[*] [Speech in PDF is available at this link] Remarks delivered at the Harvard National Security Journal’s Symposium on Digital Currenciesand National Security on October 14, 2022. [*] Member of the Board of Governors of the Federal Reserve System. The views expressed in this speech are the author’s own and do not represent any position of the Board of Governors or other Federal Reserve policymakers.

by Howell Jackson[*], Antionette Schoar[†], and Timothy Massad[‡] [Commentaries in PDF is available at this link] [*] James S. Reid, Jr., Professor of Law, Harvard Law School. [†] Stewart C. Myers-Horn Family Professor of Finance and Entrepreneurship, MIT Sloan School of Management. Ph.D. in Economics, University of Chicago. [‡] Director of the Digital Assets Policy Project at the Harvard Kennedy School Mossavar Rahmani Center for Business and Government. Former Chairman of the Commodity Futures Trading Commission and former Assistant Secretary of the Treasury.

Giulia Fanti [*] [Full text of this Article in PDF is available at this link] Introduction Today, most central banks worldwide are exploring some form of central-bank digital currency (CBDC), a digital form of central bank money accessible to the public.1 There has been particular interest in cross-border CBDCs (also commonly called multi-CBDCs), which can be used to transfer assets from a CBDC ledger in one jurisdiction (typically one country) to another.2 Important open questions surround how to design multi-CBDCs. For example, how should the system be architected? How should data flow? How should transactions be processed and settled? How should the

Shlomit Wagman [*] [Full text of this Article in PDF is available at this link] Introduction Cryptocurrencies can be a haven for criminals, terrorists, and sanction evaders. The early, romantic ideology underlying blockchain technology envisioned a decentralized currency without geographical boundaries, governmental supervision, central bank control, or any identification required. Cryptocurrency was meant to be a fast, cheap, and reliable way of transferring value among strangers. In 2014, the Financial Action Task Force (FATF), an international organization dedicated to combating money laundering and the financing of terrorism, identified the risks associated with cryptocurrency. By 2018, it developed an overall strategy to manage