US lawmakers don't want Olympic athletes to use digital yuan at 2022 games
Three senators urged the Olympic committee to work with federal agencies "to protect the privacy of American athletes from the Chinese Communist Government." Three United States senators have signed a letter urging Olympic officials to forbid American athletes from using the digital yuan during the 2022 Beijing Winter Games.In a Monday letter to U.S. Olympic and Paralympic Committee board chair Susanne Lyons, Republican senators Marsha Blackburn, Roger Wicker and Cynthia Lummis requested officials prevent U.S. athletes from using or accepting digital yuan, given their allegation that it....
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China's Foreign Ministry responded to U.S. senators' claim regarding the digital yuan's function as a tracking and tracing tool during the 2022 Beijing Winter Games. The heat is rising between the United States lawmakers and Chinese officials even before the Olympic flame ignited at the 2022 Beijing Winter Games. During a press briefing on Tuesday, Chinese Foreign Ministry spokesman Zhao Lijian addressed U.S. senators’ warning letter to the U.S. Olympic and Paralympic Committee regarding the use of digital yuan at the Olympic games next year. Calling for the U.S. politicians to “abide by....
Three U.S. senators have urged the United States Olympic & Paralympic Committee to forbid American athletes from receiving or using digital yuan during the Beijing Olympics. Raising many concerns, including privacy, they warned, “Olympic athletes should be aware that the digital yuan may be used to surveil Chinese citizens and those visiting China on an unprecedented scale.” US Senators Raise Concerns About China’s Digital Yuan Three U.S. senators wrote a letter to Susanne Lyons, the chairman of the board of the United States Olympic & Paralympic Committee (USOPC), Monday....
"Do not accept any digital yuan," said Minnesota Representative Tom Emmer in a tweet aimed at Team USA athletes competing in China. With the opening ceremony of the Beijing 2022 Winter Olympics completed and all competing athletes currently in China, two members of Congress are warning of the potential dangers of using digital yuan at the events.According to a Friday report from Reuters, Pennsylvania Senator Pat Toomey sent a letter to Secretary of State Antony Blinken and Treasury Secretary Janet Yellen on Thursday expressing concern that the Chinese government could use the games to....
While the Olympic Games are the world’s premier showcase for athletes to display their skills, a star of an entirely different kind is also grabbing the spotlight in Beijing – the e-CNY, or electronic yuan. And, so far, it looks as if the world’s first digital currency issued by the central bank of a major economy is set to take the top spot on the podium. On the opening day of the 2022 Winter Olympics, significantly more transactions were reportedly made with China’s central bank digital currency (CBDC) than through Visa, which has traditionally been the champion at such events, according....
Restricting the number of spectators at the major international sporting event will "likely further delay the mass adoption of the digital currency," according to the Foundation for Defense of Democracies' Craig Singleton. Though athletes and support staff arriving for the Beijing 2022 Olympics still have the option of using digital currency for payments at many venues, the international test run of China’s CBDC is reportedly facing hurdles due to the pandemic.According to a Monday report from CNN, athletes, officials and journalists for the country’s Olympics games are largely separated....