China wants US senators to ‘stop making trouble’ out of digital yuan

Jul 21, 2021 | CoinTelegraph News | 0 comments

china-wants-us-senators-to-‘stop-making-trouble’-out-of-digital-yuan

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 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,” the South China Morning Post reported.

Claiming that the recent actions revealed the ignorance, Lijian suggested U.S. lawmakers “figure out what a digital currency really is.”

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. 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.

Claiming the Chinese Communist Party could use the digital currency to surveil visiting athletes upon their return to the United States, senators said the new features of digital yuan enables Chinese officials “to know the exact details of what someone purchased and where.”

In the letter, the three requested a briefing on the topic for the Senate Committee on Commerce, Science and Transportation within 30 days.

Related: US lawmakers don’t want Olympic athletes to use digital yuan at 2022 games

On the other hand, China regards the Beijing Winter Olympics, slated for next year, as the first test of China’s central bank digital currency by foreign users.

Speaking at the Boao Forum for Asia in April, PBoC deputy governor Li Bo said, “For the upcoming Beijing Winter Olympics, we were trying to make e-CNY available not only to domestic users but also to international athletes and like visitors.”

News Source from CoinTelegraph.com

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