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UK Spy Chief’s Fears Over China’s Digital Renminbi: FT

 

Sir Jeremy Fleming, head of Britain’s electronic intelligence agency, said China was now the “biggest strategic issue” facing the UK, and was expanding its espionage operations and seeking control of digital infrastructure, The Financial Times reported.

China’s digital renminbi, which is being heavily promoted ahead of the Beijing winter Olympics, risks becoming a tool to surveil users and exert control over global currency transactions, the director of UK signals intelligence agency GCHQ has warned. Full story: The Financial Times

 

  • By Sean O’Meara

 

Read more:

Digital yuan set to ‘shake up’ China’s financial ecosystem

Could a digital yuan dethrone the mighty US dollar?

 

The post UK Spy Chief’s Fears Over China’s Digital Renminbi: FT appeared first on Asia Financial.

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