Google and Apple urged to restrict Chinese digital yuan by US senators!
Conflicts between the United States and China.
It is not surprising in today’s world that every developed country wants to rule the world and have monopoly control over all countries in the world. Two of the main favorites in the race to win the monopoly are the United States and China. The United States and China have had a lot of problems since the moment China announced its intentions to rule the world. In 2000, President Clington then signed the United States-China Relations Act, which helped grant Beijing normal trade relations and entered the World Trade Organization in 2001. that, China has become the largest holder of US debt, overtaking Japan. around $600 billion. Economic conflicts have always been part of the battle between the United States and China. With this in mind, three of the Republican senators in the United States have proposed a bill.
What is the bill about? Let’s find out.
Three Republican senators, Tom Cotton, Mike Braun and Marco Rubio introduced a bill to ban the use of Chinese digital currency in the United States. The bill is called the “Defending Americans from Authoritarian Digital Currencies Act” and recommends banning the use of China’s digital currency payment system, E-CNY, for all US app stores and other purposes. .
Photo credits: Computerworld
In app stores, major leaders such as Google App Store and Apple App Store have also been recommended to stop apps or websites that use Chinese digital currency as a payment option.
What did senators have to say? Let’s see.
The senators claimed that banning the Chinese digital yuan in the United States would help the nation avoid any kind of direct control and surveillance of the user’s financial activity.
Tom Cotton, one of the renowned proponents of the US digital dollar project, specifically argued that a CBDC can certainly be used to spy on user activity, especially US users and added that the Party Chinese Communist will certainly use digital. currency to control and spy on everyone who uses it. He added that the United States is unable to give China such a chance and must attack the Chinese attempt at its most basic level.
Writer’s report:
From the beginning, relations between the United States and China have been bad. Historically, US authorities have viewed the Chinese as a threat to national security. Under such circumstances, it is no surprise that US senators passed a bill that proposes to restrict the use of Chinese digital currency in the country.