United States of America: Introduced Defending Americans from Authoritarian Digital Currencies Act in US Senate
Description
Introduced Defending Americans from Authoritarian Digital Currencies Act in US Senate
On 26 May 2022, the Defending Americans from Authoritarian Digital Currencies Act was introduced in the US Senate. The bill aims to restrict the use of the Chinese Digital Yuan (e-CNY) in US app stores. It prohibits US app stores from enabling transactions using e-CNY and from hosting applications that allow transactions using e-CNY.
Original sourceScope
Policy Area
Other operating conditions
Policy Instrument
Other operating condition, nes
Regulated Economic Activity
software provider: app stores
Implementation Level
national
Government Branch
legislature
Government Body
parliament