News/Senators Draft Bill to Ban Use of Digital Yuan in US-Based Mobile Apps

Senators Draft Bill to Ban Use of Digital Yuan in US-Based Mobile Apps

May 27,2022,17:16
Senators draft bill to ban use of Digital Yuan in US-based mobile apps. Three Republican senators are attempting to prohibit platforms from hosting apps that enable transactions in China’s digital yuan over fears it could be used to spy on US citizens. The Defending Americans from Authoritarian Digital Currencies Act aims to curb China’s “direct control” on US soil, the senators said.
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