US Senators Seek To Ban US Athletes From Receiving And Using The Digital Yuan During The Beijing Olympics
Three US senators urged US Paralympic Committee to ban US athletes to receive or use digital yuan during the Beijing Olympics. Highlighting many concerns, including privacy, they cautioned: "Olympic athletes should be aware that the digital yuan can be used to monitor Chinese citizens and those visiting China on an unprecedented scale. "
US Senators Raising Concerns About the Chinese Digital Yuan
Three US Senatorsins wrote a letter on Monday to Susanne Lyons, Chairman of the Board of Directors of the United States Olympic and Paralympic Committee (USOPC), expressing concerns about the digital yuan.
Senators Marsha Blackburn, Roger Wicker and Cynthia Lummis wrote: "We write to express our concerns about the plans of the Communist Chinese government to officially launch electronic payment in digital currency, commonly referred to as digital yuan, ahead of the Beijing Winter Olympics in 2022. They clarified:
The digital yuan, the digital currency of the central bank (CBDC) of the People's Bank of China (PBOC), "is fully controlled by the PBOC, and it can be monitored and traced by the central bank, ”the senators explained.
The Chinese government has tested and donate digital yuan in accept it as a payment method. The white paper for the Digital yuan was also recently unveiled.
Senators noted that "the Chinese Communist Party insists its efforts are aimed at digitizing banknotes and coins." However, they warned, "Olympic athletes should be aware that the digital yuan can be used to monitor Chinese citizens and those visiting China on an unprecedented scale, in the hope that they will retain digital yuan wallets on their smartphones and will continue to use it on return. "
The letter further states:
Senators called on USOPC to work with State Department, the US Treasury Department, and the US Department of Commerce "to protect the privacy of American athletes under the Chinese Communist government." They also requested a briefing on this request for members of the Senate Committee on Commerce, Science and Transport within 30 days of receiving this letter.
Responding to the action of senators, Chinese Foreign Ministry spokesman Zhao Lijian told reporters in Beijing on Tuesday that he revealed their ig norance. "We suggest they find out what digital currency really is," he reportedly said. “American politicians should respect the spirit stipulated in the Olympic Charter, stop making sport a political issue and stop creating problems with the digital currency in China. "
Do you think American athletes should be prohibited from receiving and using digital yuan? MadeLet us know in the comments section below.