Commentary Last week, South Dakota Republican governor Kristi Noem rejected a bill (HB1193) to update the Uniform Commercial Code (UCC) with her own unique “brand” of veto. The veto came because Noem opposed the bill’s language outlawing Bitcoin and other cryptocurrencies, but allowing a central bank digital currency (CBDC), which is issued by governments. Noem…
Don’t Fear Central Bank Digital Currency, Embrace It Instead
March 15, 2023
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Chinese Regime Pushing Digital Currency for Mass Surveillance, Experts Say
The Chinese Communist Party (CCP) recently launched a new round of campaigns promoting its Central Bank digital currency, the digital renminbi, to further increase its use among the general public. Experts warn that a digital, highly centralized version of the renminbi could further enhance the regime’s control over the Chinese citizens. The digital renminbi, also…
WeChat Deepens Partnership with the CCP over Digital Yuan Expansion
WeChat, China’s Twitter-like social media app, announced on April 6 that it has embraced digital Chinese yuan in certain pilot regions as part of its intensified cooperation with the Chinese Communist Party (CCP). In recent years WeChat has increasingly become the regime’s tool for monitoring citizens, censoring speech, and clamping down on dissidents. According to the…
US Senators Sound Alarm on China’s Digital Currency Amid Sanctions on Russia
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…
Olympics Row: Visa vs. China’s e-CNY
Commentary At the Beijing Winter Olympics, China is rolling out its digital currency, the e-CNY, for the first time to foreigners. Nobody should want to attend the Games given the genocide. But if you were forced to go, then you would have the option of prepaying a credit card with digital Chinese yuan loaded for…
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