{"id":48820,"date":"2022-10-11T15:00:05","date_gmt":"2022-10-11T15:00:05","guid":{"rendered":"https:\/\/www.threatshub.org\/blog\/china-could-use-digital-yuan-to-swerve-russia-style-sanctions\/"},"modified":"2022-10-11T15:00:05","modified_gmt":"2022-10-11T15:00:05","slug":"china-could-use-digital-yuan-to-swerve-russia-style-sanctions","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/china-could-use-digital-yuan-to-swerve-russia-style-sanctions\/","title":{"rendered":"China could use Digital Yuan to swerve Russia-style sanctions"},"content":{"rendered":"

UK intelligence agency, GCHQ, boss Jeremy Fleming says China is “learning lessons” from the war in Ukraine and could make use of a centralized digital currency to partly get around the type of sanctions being imposed on Putin’s Russia.<\/p>\n

The career MI5 officer, who replaced Robert Hannigan<\/a> in 2017, is speaking to the Royal United Services Institute (RUSI) think tank later today to spell out what his organization conceives of as a technological threat posed by China.<\/p>\n

The spy agency said Fleming would speak about the potential of central bank digital currencies<\/a> to allow the state to monitor users transactions. He will also warn that China’s political leadership was “learning the lessons” from the war in Ukraine and that a centralized digital currency could “enable China to partially evade the sort of international sanctions currently being applied to Putin’s regime in Russia.”<\/p>\n