The US plans to ban Google and Apple from supporting
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The US plans to ban Google and Apple from supporting digital Yuan-enabled apps

A group of Republican senators has drafted legislation to ban US app marketplaces, including Google and Apple, from hosting programs that accept payments in China’s official digital currency, on the pretext that doing so would allow Chinese authorities to use the tracking American activities.

    Image source: geralt/pixabay.com

Image source: geralt/pixabay.com

Judging by the text of the law, we are talking about the use of applications by users located on the territory of the United States itself. The use of the digital yuan would allow Beijing to monitor all transactions on its network in real-time, jeopardizing the security of users’ personal information when participating in payments in the Chinese digital currency, the senators said.

Back in January 2021, the Center for a New American Security Agency published a report that the digital currency and electronic payment system issued by the Central Bank of China allow you to monitor transactions in the economic system in general and among Chinese citizens in particular – any Transaction contains accurate data on users’ financial activity. At the same time, central bank digital currencies (CBDC) are being developed not only in China, but also in most of the leading countries, as well as in political blocs, including, for example, the EU.

The Senate initiative followed Chinese Messenger, while payments platform WeChat, owned by China’s Tencent and with 1.2 billion users, announced the start of support for digital currencies earlier this year. It accepts digital currencies and the hugely popular Chinese payment system, Alipay. Applications of both services are still available in American versions of marketplaces – both Google and Apple App Store.

According to Reuters, the Chinese Embassy in Washington called the bill “another example of senseless US harassment of foreign companies through abuse of state power…” under the pretense of concern for national security.

About the author

Robbie Elmers

Robbie Elmers is a staff writer for Tech News Space, covering software, applications and services.

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