The US authorities demanded to prohibit athletes from using the digital yuan
The US authorities demanded to prohibit athletes from using the digital yuan. Chinese authorities’ response
US GOP Senators Marsha Blackburn, Cynthia Lummis, and Roger Wicker fear that Chinese authorities will use their national digital currency to spy on American citizens.
They sent a letter to the chairman of the US Olympic Committee, Suzanne Lyons, demanding to ban American athletes from using the digital yuan during the Olympic Games, which are due to be held in Beijing in 2022.
In their opinion, the Chinese Communist Party wants to make American athletes a “Trojan horse” in order to spy on US citizens. Chinese authorities expressed hope that athletes will continue to use digital yuan wallets after returning from China, the statement said.
Also, Blackburn, Lummis, and Wicker fear the introduction of the digital yuan into international trade. In their opinion, the Chinese authorities are already using the latest technology to spy on Chinese citizens.
Chinese authorities’ response
Chinese Foreign Ministry spokesman Zhao Lijian urged US senators “not to create problems with the digital yuan and stop turning sports into politics,” the local newspaper said. A spokesman for the Chinese Foreign Ministry recommended that American senators figure out what a digital currency really is.
Back in October 2020, Sun Guofeng, head of the monetary policy department of the People’s Bank of China, announced that the digital yuan would be used in Beijing during the 2022 Winter Olympics.
Recall, on July 16, the People’s Bank of China published the first white paper of the digital yuan project. The document says that foreigners will be able to use the digital yuan without opening an account with a Chinese bank.
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