Several US senators expressed support for the bill, which should strengthen control and limit the possibility of using the virtual currency of the Central Bank of China in cross-border transactions.
According to the bill, new rules concerning the digital yuan are being established. Such a bill appeared after the Chinese authorities showed during the Olympics that the digital yuan is already fully functioning.
This led to the fact that the American authorities began to fear that the use of the digital yuan in global settlements would help other states circumvent sanctions.
According to senators, thanks to such a bill, it will be possible to limit the actions of the Chinese authorities. Most likely, other changes will be made to the bill, since the situation in the global financial system is constantly changing.
If the bill is passed, it should limit the ability to circumvent sanctions to other states using the digital yuan. It is planned to provide the final version of the law as soon as possible and send it to the US President for signature.
