Section 1 Short title
This Act may be cited as the “Defending Americans from Authoritarian Digital Currencies Act”.
Defending Americans from Authoritarian Digital Currencies Act
A BILL
To prohibit the use of the digital currency payment system operated by the Government of the People’s Republic of China, and for other purposes.
Sec. 2 Prohibition on apps supporting e-CNY financial technology in the United States
Definitions— In this section:
App— The term app means a software application or electronic service that may be run or directed by a user on a computer, a mobile device, or any other general purpose computing device.
App store— The term app store means a publicly available website, software application, or other electronic service that distributes applications from third-party developers to users of a computer, a mobile device, or any other general purpose computing device.
Covered company— The term covered company means any person that owns or controls an app store in the United States.
e-CNY— The term e-CNY means the official Digital Currency Electronic Payment system operated by the Government of the People’s Republic of China.
Prohibition— A covered company shall not—
support or enable transactions in e-CNY on its app store within the United States; or
carry or support any app in its app store within the United States that supports or enables transactions in e-CNY.