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Bill Introduced to Ban Chinese Digital Currencies in US App Stores

News Snapshot:

US lawmakers are moving to protect the country from the potential unwelcome impacts of the global adoption of China’s national digital currency. Three Republican senators, Tom Cotton, Mike Braun and Marco Rubio, They presented a bill on May 25 to limit the use of the Chinese central bank’s digital currency (CBDC) in the United States. the bill is called the “Defending Americans from Authoritarian Digital Currencies Act” and proposes to ban the use of China’s digital currency payment system, e-CNY, for US app stores and other purposes. The term “app store” includes all publicly accessible websites, software applications, or other…

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