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Like China, Russia Will Use Digital Cash to Evade US Sanctions

March 2, 2022
Source: leportale.com leportale.com
News Snapshot:
Commentary Unless you happen to live under a rock , you are no doubt aware that the Chinese Communist Party (CCP) has rolled out its own digital currency, the digital yuan. Designed to directly compete with the U.S. dollar, the digital yuan was also designed for another reason—to evade U.S. sanctions , according to experts. Another country that has chosen to take a leaf out of the digital currency playbook is Russia , a close ally of China . Like Beijing, Moscow will likely use this digital avenue to inflict further misery on the world and circumvent U.S. sanctions ....
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