US Intelligence Chief warns of China’s dominance in crypto-currencies: Report
The United States’ Director of National Intelligence John Ratcliffe warned of China’s growing influence in the crypto-currency universe in a letter to the Securities and Exchange Commission (SEC), the Washington Examiner reported. Ratcliffe, in his letter, says that more than half the world’s crypto-currency mining operations take place in China and that China’s own Central Bank-backed Digital Currency (CBDCs) would make it tough for US-based companies to compete.
