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

Could a digital yuan dethrone the mighty US dollar?

Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.