Category: digital currency

‘Trojan Horse’: Kyle Bass Warns China Will Use Digital Yuan to Export Tech Authoritarianism

April 9, 2021
ChinaChina-US NewsChinese RegimeChinese Yuandigital currencykyle bassrenminbi
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The Chinese regime is using its new state-controlled digital currency as a Trojan horse against western democracies—and the free world needs to outlaw it, warned hedge fund manager Kyle Bass. “I think that the digital RMB [renminbi] is the largest threat to the world as it exists today,” Bass said in an interview with The…

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The Dangers of a Central Bank Digital Currency

March 8, 2021
Central Bankcryptocurrencydigital currencyOpinionViewpoints
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Commentary In recent weeks, Jerome Powell at the Federal Reserve and Christine Lagarde at the European Central Bank have commented on the likelihood of implementing digital currencies in the next few years. The positives have been well explained: more transparency, ease of use, and lower cost. The European Central Bank (ECB) has stated that “a…

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Owner of Digital Currency Exchange Sentenced to 10 Years For Money Laundering

January 13, 2021
Crime and Incidentsdigital currencymoney launderingUSUS News
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Rossen G. Iossifov was sentenced to 121 months in prison on Tuesday for his involvement in a multi-million dollar scheme to defraud American victims. He must serve 85 percent of his sentence in prison, according to federal law. U.S. District Court Judge Robert E. Weir sentenced Rossen G. Iossifov for conspiracy to commit a Racketeer…

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