‘Trojan Horse’: Kyle Bass Warns China Will Use Digital Yuan to Export Tech Authoritarianism

‘Trojan Horse’: Kyle Bass Warns China Will Use Digital Yuan to Export Tech Authoritarianism
Chinese 100 yuan notes and one U.S. dollar notes in Beijing on Jan. 6, 2017. Fred Dufour/AFP via Getty Images
Frank Fang
Updated:

The Chinese regime is using its new state-controlled digital currency as a Trojan horse against western democracies—and the free world needs to outlaw it, warned hedge fund manager Kyle Bass.

“I think that the digital RMB [renminbi] is the largest threat to the world as it exists today,” Bass said in an interview with The Epoch Times’ affiliate NTD on April 8. Bass is the founder and chief investment officer of Dallas-based Hayman Capital Management.

Frank Fang
Frank Fang
journalist
Frank Fang is a Taiwan-based journalist. He covers U.S., China, and Taiwan news. He holds a master's degree in materials science from Tsinghua University in Taiwan.
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