Like China, Russia Will Use Digital Cash to Evade US Sanctions

Like China, Russia Will Use Digital Cash to Evade US Sanctions
A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken on Oct. 19, 2021. Edgar Su/Reuters
John Mac Ghlionn
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Commentary
Unless you happen to live under a rock, you are no doubt aware that the Chinese Communist Party (CCP) has rolled out its own digital currency, the digital yuan. Designed to directly compete with the U.S. dollar, the digital yuan was also designed for another reason—to evade U.S. sanctions, according to experts.
John Mac Ghlionn
John Mac Ghlionn
Author
John Mac Ghlionn is a researcher and essayist. He covers psychology and social relations, and has a keen interest in social dysfunction and media manipulation. His work has been published by the New York Post, The Sydney Morning Herald, Newsweek, National Review, and The Spectator US, among others.
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