US Should Ban China’s Digital Yuan: Investment Manager Kyle Bass

US Should Ban China’s Digital Yuan: Investment Manager Kyle Bass
Chinese 100 yuan notes and U.S. one dollar notes in Beijing on Jan. 6, 2017. Fred Dufour/AFP via Getty Images
Frank Fang
Jan Jekielek
Updated:

The communist regime in China is going to use its new state-controlled digital currency as a Trojan horse to project its authoritarianism all over the world, warns hedge fund manager Kyle Bass, and it could become a “cancer” plaguing the United States if it isn’t banned.

“Imagine a currency that almost has a mind of its own,” Bass said in a recent interview for EpochTV’s “American Thought Leaders.”
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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