UK Spy Chief Says China’s Digital Currency Could Evade Sanctions
- GCHQ Director Jeremy Fleming makes speech in London Tuesday
- Says China leadership learning the lessons of Ukraine conflict
Jeremy Fleming
Photographer: Roslan Rahman/AFP/Getty ImagesThis article is for subscribers only.
China is learning the lessons of Russia’s war in Ukraine and could use its centralized digital currency to avoid future sanctions, UK spy chief Jeremy Fleming will warn.
Fleming, the director of the intelligence, cyber and security agency GCHQ, will use a speech in London on Tuesday to argue the Chinese Communist Party leadership is using its “financial and scientific muscle” to manipulate strategically important technologies as a means to control companies and ordinary people. He will single out China’s currency as an example of that type of coercive behavior.