“Digital Renminbi’s Dangerous Shadow Play: Potential ‘Financial Nuke’”, My Ind maker, October 29, 2025
“In the complex arena of global financial transactions, where $3 to 4 trillion worth of money flows across borders daily in different currencies and different systems, a subtle, ambitious and sinister shift is underway in the name of de-dollarisation and anti-Americanism.
International financial transactions in CIPS (Crossborder Interbank Payment System) or mBridge using digital renminbi (often called the e-CNY or digital yuan) or RMB is the cornerstone of CCP-occupied China’s strategy to challenge the prevalent currency USD (U.S. Dollar), the prevalent system SWIFT (Society for Worldwide Interbank Financial Telecommunication) and mandatory FATF (Financial Action Task Force) scrutiny on money laundering, terrorism financing and WMD (Weapons of Mass Destruction) proliferation financing.
Post 2019 FATF assessment of the effectiveness of CCP-occupied China’s measures to combat money laundering, terrorism financing and proliferation financing; it reported back to FATF in 2020 and 2021 on the actions taken to strengthen its AML (Anti – Money – Laundering) / CTF (Counter – Terrorism – Financing) / CPF (Counter – Proliferation – Financing) framework. FATF re-rated the Country on some of the 40 Recommendations and 11 outcomes…….”
Read full article at myind.net
