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China addresses U.S. senators’ warning letter to the U.S. Olympic Committee regarding digital yuan.

Beijing is exploring the global use of its planned sovereign digital currency and aiding its desire to internationalize the yuan.


Earlier this week, Republican senators Marsha Blackburn, Roger Wicker, and Cynthia Lummis wrote a letter to U.S. Olympic and Paralympic Committee board chair Susanne Lyons expressing their concern regarding the use of digital yuan at the upcoming Winter Olympics in Beijing. Senators believe that China could use the digital yuan as a surveillance tool against its athletes. Chinese foreign ministry spokesperson has responded to the allegations. 

 

China calls U.S senators to stop making trouble of digital yuan. 

During a press briefing on Tuesday, Chinese Foreign Ministry spokesman Zhao Lijian, addressing U.S. senators’ warning letter to the U.S. Olympic and Paralympic Committee, called for the U.S. politicians to “abide by the spirit stipulated in the Olympic Charter,” Lijian asked them to “stop making sports a political matter and stop making troubles out of the digital currency in China.” Calling out U.S Senators’ ignorance, Lijian suggested U.S. lawmakers “figure out what a digital currency really is.” Earlier, several experts from the crypto community had also suggested that China could use the digital yuan as a mass surveillance tool. 

 

Senators wrote a letter to U.S. Olympic and Paralympic Committee board chair. 

As reported earlier, Republican senators Marsha Blackburn, Roger Wicker, and Cynthia Lummis wrote a letter to U.S. Olympic and Paralympic Committee board chair Susanne Lyons. Highlighting the allegation that digital yuan can be “tracked and traced” by the People’s Bank of China (PBoC), the three requested officials prevent U.S. athletes from using or accepting Chinese digital currency. Senators further claimed that the new features of the CBDC enable Chinese officials “to know the exact details of what someone purchased and where.”



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