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EXCLUSIVE: Sen. Blackburn, Republicans Introduce Legislation To Crack Down On China, Russia Digital Currency

March 9, 2022
Source: dailycaller.com dailycaller.com
News Snapshot:
Republican Tennessee Sen. Marsha Blackburn introduced legislation Tuesday that would crack down on China’s Central Bank’s digital currency, the Digital Yuan, which could empower countries like Russia. The Daily Caller first obtained a copy of the legislation, titled the “Say No to the Silk Road Act,” which has eight cosponsors. The legislation requires new standards and guidelines for the digital currency and demands any foreign government that receives assistance through the Foreign Military Financing Program to disclose if the government uses Digital Yuan. The Digital Yuan relies on blockchain technology and gives Beijing more power over its financial system. The...
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Tags: ban | bank | Beijing | Biden | bitcoin | blockchain | boycott | China | communism | communist | crypto | cryptocurrency | currency | E-CNY | finance | fintech | Florida | military | Renminbi | Russia | Sanctions | technology | Texas | United States | Yuan

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