Digital Currencies as Tool of Sanction and Anti-sanction:The Path and Responses of Asymmetrical Financial Anti-sanctions
As a matter of the rule of law concerning foreign affairs,anti-sanctions legislation continues to advance.Digital currencies are gradually becoming the tool and field for geopolitical games.For example,cryptocurrencies,which are the main components of virtual currencies,possess the nature of general equivalence properties,decentralization and anonymity,and have become a tool for sanctions and anti-sanctions.Digital currencies have been utilized in anti-sanctions practices in Russia,Venezuela,Iran and NPRK.The U.S.sees the use of digital currencies as a risk that threatens the financial system and the dollar system,and advocates for adequate regulation of digital currencies.In order to implement the regulatory policy and strengthen the effect of sanctions,the U.S.has taken a series of measures against the use of digital currencies in order to"counter anti-sanctions".In addition,the U.S.has also"prejudged"China's e-CNY,and taken measures such as banning its use,strengthening regulation,developing competing products,negatively impacting on the development,use and promotion of e-CNY.China should learn from the experience of foreign countries in anti-sanctions,and weaken the negative influence and respond to the sanctions by means of foreign legislation,alternative research and development,and promotion of RMB internationalization.
the rule of law concerning foreign affairsanti-sanctiondigital currencyvirtual currencycentral bank digital currency
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