"The gist of it is that US actions such as prosecuting Binance co-founder Zhao Changpeng and chasing alleged cyber-scam camp operator Chen Zhi were not law enforcement actions but attempts to ensure US hegemony over cryptocurrencies and preserve the role of the US dollar as the de facto currency of world trade."
"The Chinese agency says Washington's action against crypto companies is just one of its tactics, including 'sponsored cyberattacks, weaponized technical standards, and digital cognitive warfare' that 'serves its global expansion of political and economic interests while maintaining global hegemony.'"
"CVERC says the US also targeted crypto outfits to profit by collecting massive fines and auctioning stolen cryptocurrencies retrieved by American authorities. It also accuses Washington of using action against cryptocurrencies to build a strategic reserve of virtual currencies, a Trump administration policy."
China's National Computer Virus Emergency Response Center published a document alleging that US actions against cryptocurrency figures and companies, including prosecutions of Binance co-founder Zhao Changpeng and cyber-scam operator Chen Zhi, are strategic moves to dominate global cryptocurrency markets and preserve US dollar dominance. The agency characterizes these enforcement actions as profit-driven schemes involving massive fines and asset auctions, and claims the US is building strategic cryptocurrency reserves. CVERC frames crypto enforcement as part of broader US tactics including cyberattacks, weaponized technical standards, and digital cognitive warfare to maintain global hegemony. The analysis omits China's own enforcement actions against similar criminal operations.
#cryptocurrency-enforcement #us-china-relations #financial-hegemony #geopolitical-tensions #regulatory-accusations
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