As Russia is hit by a spate of sanctions from around the globe, a group of U.S. lawmakers want new standards and guidelines for dealing with the Chinese Communist Party (CCP) central bank’s digital yuan, the digital currency of Moscow’s top trade partner and closet strategic partner.
“If left unchecked, technologies including China’s Digital Yuan will empower Russia to evade global sanctions on systems such as SWIFT and enable the CCP to further surveil and threaten their citizens,” said Sen. Marsha Blackburn (R-Tenn.), one of the lawmakers who introduced the bill, according to a March 10 press release.
