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Senators Draft Bill To Ban Use Of China’s Digital Yuan From US App Stores


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Three Republican senators, Tom Cotton, Mike Braun, and Marco Rubio, introduced a bill on Wednesday to prevent platforms from hosting apps that enable transactions in China's digital yuan. The lawmakers cited concerns that the technology could be used to spy on US residents.

The bill titled "Defending Americans from Authoritarian Digital Currencies Act" intends to ban the use of China's digital currency payment system, e-CNY, for app stores and other uses in the United States.

Senator Cotton, a known proponent of the U.S. digital dollar project, stated

“The Chinese Communist Party will use its digital currency to control and spy on anyone who uses it. We can’t give China that chance”

https://cointelegraph.com/news/draft-bill-to-ban-china-s-digital-yuan-from-us-app-stores

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