US Law To Stop Google, Apple Hosting Apps That Accept China’s Digital Yuan

Share post:

A bill introduced by Republican senators would ban U.S. app stores from hosting apps that accept China’s digital yuan.

The bill sponsored by Senators Tom Cotton, Marco Rubio and Mike Braun, states that companies that own or control app stores “shall not carry or support any app in (their) app store(s) within the United States that supports or enables transactions in e-CNY.”

In recent years, the U.S. government has been able to draft laws restricting the use of Chinese technology products and services, based on the notion that these products pose security threats to the country, because they could be used for surveillance.

Defending the bill to ban China’s digital yuan, Cotton’s office said that the digital yuan could provide the Chinese government with “real-time visibility into all transactions on the network, posing privacy and security concerns for American persons who join this network.”

The lawmakers’ opinion complements a January 2021 report by the Center for a New American Security that said China’s digital currency and electronic payment system will likely be a boon to the CCP’s economic surveillance and state interference in the lives of Chinese citizens.

The sources for this piece include a story in Reuters.

Featured Tech Jobs


Related articles

U.S. warns NVIDIA against redesigning chips for China amid export regulation challenges

NVIDIA has received a warning from U.S. Commerce Secretary Gina Raimondo regarding its efforts to redesign chips for...

Canada, U.S. sign international guidelines for safe AI development

Eighteen countries, including Canada, the U.S. and the U.K., today agreed on recommended guidelines to developers in their nations for the secure design, development, deployment, and operation of artificial intelligent systems. It’s the latest in a series of voluntary guardrails that nations are urging their public and private sectors to follow for overseeing AI in

China approves Broadcom-VMWare merger, last hurdle is cleared

The long-anticipated merger between Broadcom and virtualization giant VMware has been approved by Chinese regulatory authorities, marking the...

Elon Musk’s X sues Media Matters over report linking ads to extremist content

Elon Musk's X has initiated legal action against the progressive watchdog group Media Matters, in response to an...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways