cryptocurrency

Ban US athletes from using e-yuan at 2022 Winter Olympics, senators say – South China Morning Post


Republican Senators Marsha Blackburn, Roger Wicker, and Cynthia Lummis urged the US Olympic Committee to forbid American athletes from using China’s new digital currency at the 2022 Winter Olympics in Beijing, citing espionage and data-security concerns.

“Olympic athletes should be aware that the digital yuan may be used to surveil Chinese citizens and those visiting China on an unprecedented scale, with the hopes that they will maintain digital yuan wallets on their smartphones and continue to use it upon return,” the lawmakers wrote in a letter sent on Monday to Susanne Lyons, board chair of the US Olympic Committee.

China’s token, still in trial stages, has triggered concerns that it may challenge the US dollar’s status as the world dominant reserve currency despite assertions from Chinese officials that it will mainly be used for domestic retail transactions.

The Senators, all members of the Committee on Commerce, Science, and Transportation, requested a briefing on their request within 30 days.



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