In the US, the Digital Yuan poses a threat, according to the National Security Unit. So is the Digital Yuan really a threat to the incoming?
Digital yuan threatens the future
China is taking pioneering steps in the digitalization of existing currencies. This currency will soon be available in China, which has issued Digital Yuan for the country’s official currency, the Yuan.
However, on the other hand, there are criticisms of this currency. Digital Yuan is seen as a threat, according to a statement made by the National Security Unit in the USA. Ratcliffe also sees security issues with Digital Yuan together, according to the published report. Ratcliffe calls on China to provide information on these current issues.
However, behind these worrying statements from the USA is actually the concern of the dollar’s depreciation. If the Digital Yuan is successful and used in international trade, the dollar’s leadership in this area could be damaged. Therefore, statements against the Digital Yuan are made by the USA.
It is already wondered whether China will make a statement regarding the possible security risks for Digital Yuan after these statements.