US Senator: China's Digital Currency Could Subvert US Sanctions, Enhance Surveillance Capabilities – Regulation Bitcoin News

US Senator: China's Digital Currency Could Subvert US Sanctions, Enhance Surveillance Capabilities

“I write to request your engagement on a momentous development in Beijing this week: the rollout of the world’s first major central bank digital currency to a foreign audience,” he told Yellen and Blinken. Analysts have raised the eCNY’s potential to subvert U.S. sanctions, facilitate illicit money flows, enhance China’s surveillance capabilities, and provide Beijing with ‘first mover’ advantages, such as setting standards in cross-border digital payments.

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Well...they adopting crypto in some way...

I don't think so, it would be better to use any stablecoin for purposes any country plans to issue a digital fiat. Tether would be a nice variant.

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What illicit money flow?

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some US lawmakers (such as Gensler, Yellen, Sherman, Sen Karen) are so focused on screwing their voter base (everyday US citizens) that they are missing the bigger picture with crypto, to the detriment of everyone!

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