“Analysts have raised the eCNY’s potential to subvert U.S. sanctions, facilitate illicit money flows, enhance China’s surveillance capabilities.” crypto cryptocurrency bitcoin $BTC
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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