The use of apps that support China's digital currency, also known as e-CNY or digital yuan, would be banned under a bill proposed by three Republican senators.
The Defending Americans from Authoritarian Digital Currencies Act calls for prohibiting app stores from carrying any apps that accept purchases in the digital currency. Earlier this year, the popular messaging app WeChat announced it would support e-CNY.
The Chinese Communist Party's digital yuan allows direct control and access to the financial lives of individuals, according to Indiana Senator Mike Braun.
The United States should reject China's attempt to undermine our economy at its most basic level, according to Cotton.
Concerns over safety and privacy have been raised by China's digital currency. A group of republican lawmakers warned American athletes not to use digital currency in China during the Olympics in Beijing.
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