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Can we have financial privacy AND stop financial crime? Stanford's Darrell Duffie thinks there's a third path and it might be the most important work happening in finance right now. In this special UBRI Leadership Session, Ripple SVP Eric van Miltenburg sits down with Professor Darrell Duffie of Stanford's Graduate School of Business, U.S. Senate witness, and architect of the course The Future of Money and Payments for a conversation that moves from the theoretical to the genuinely urgent. Duffie's "compliance by design" framework poses a radical question: what if privacy weren't a switch that governments could flip, but a cryptographic guarantee baked into the payment system itself? It's a question that cuts to the heart of every CBDC debate, every stablecoin regulation, and every fintech pitch deck claiming to serve the unbanked. In this episode: - Why the U.S. CBDC is dead and why that might be shortsighted
- How tokenized U.S. Treasuries went from zero to $10B and what clearing banks do next
- Why China's eCNY flopped even with government muscle behind it
- The surprising reason Europe may actually pull off a digital euro
- What Afghanistan's Hesab Pay reveals about stablecoins and financial inclusion
- Why agentic payments; AI making purchases on your behalf may be the real disruption no one's talking about
- And yes: why in 100 years, no one will carry "grubby bits of paper" in their pockets
Whether you're a regulator, a builder, a banker, or just someone who tapped your phone to buy coffee this morning this conversation will change how you think about who controls your money and why it matters. |