Column Archive

China’s Central Bank and 10 other government bodies announced on Sept. 24 that all transactions involving cryptocurrencies are now illegal, effectively banning the use of Bitcoin in the country. The move is the latest in a series of measures aimed at curbing the use of cryptocurrencies that goes back years. Trading in cryptocurrencies has been banned in China since 2019, but it has continued online through foreign exchanges. In May 2021, financial institutions and payment companies were prohibited from providing services related to cryptocurrencies, bolstering similar bans issued in 2013 and 2017. On one level, it is unsurprising that an authoritarian government […]

Editor’s note: Guest columnist Richard Gowan is filling in for Stewart Patrick, who will return Oct. 11. Can we trust international institutions to give us impartial information about the state of the world? This question is at the heart of a controversy currently roiling the International Monetary Fund and the World Bank. It is likely to haunt other multilateral organizations in the future, too. Kristalina Georgieva, currently the IMF’s managing director, stands accused of pressuring staff at the World Bank, where she previously occupied a senior post, to improve China’s position in an annual ranking of countries’ openness to business. […]

The military coup that deposed Myanmar’s civilian government in February has created an escalating humanitarian crisis and left the country teetering on the brink of civil war. As the junta continues to target the population with violence, including torture and sexual assault, the opposition movement has also begun to question the effectiveness of its largely peaceful protests, especially in the absence of international support for the pro-democracy struggle. In a WPR article earlier this week, Prachi Vidwans noted that this is precisely the kind of situation where the United Nations can do the most good if it were to act […]