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

July 21, 2021. Summarized by summa-bot.

Compression ratio: 38.2%. 1 min read.

Zhao 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.

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.

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. ”

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

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