Republican Senators Urge US Olympic Committee To Ban Athletes From Using Digital Yuan






Senators from three U.S. Republicans urged the United States Olympic and Paralympic Committee (USOPC) on Monday to ban U.S. athletes from acquiring or using digital payment in the Communist Party of China electronic currency, or digital yuan (e-CNY) , during the 2022 Beijing Winter Olympics.

The letter to Susanne Lyons, president of the board of directors of the United States Olympic and Paralympic Committee, composed of Marsha Blackburn, Roger Wicker and Cynthia Lummis, which calms down the e-CNY, is totally manipulated by the People’s Bank of China (PBOC ) by accusing the central bank of tracing people’s records.

As the CCP government has distributed free digital yuan during the testing stage in recent years, “Olympic athletes should be aware that the digital yuan can be used to monitor Chinese citizens and visitors to China on an unprecedented scale. in the hope that they will keep yuan digital wallets on their smartphones and continue to use them upon their return, ”the statement said.

The senators, who belong to the Committee on Commerce, Science and Transportation, asked the administration for a briefing in response to their request within 30 days, saying their concerns are reliable, for example, accusing WeChat Pay, a platform of digital payment in mainland China. they are already being used to monitor, threaten and arrest Chinese citizens.

“These concerns are especially pronounced given the Chinese Communist Party’s use of new and emerging technologies to suppress the Uighur minority, the people of Hong Kong and those across China who are fighting for freedom of expression.”

Last Friday, the Chinese government published a white paper aiming to scale the implementation of the digital currency during the Beijing Winter Olympics in 2022.

More than 20.8 million people in China opened a virtual wallet to store digital currency, Chinese e-CNY spending reached up to 34.5 billion yuan ($ 5.3 billion US dollars) in transactions, according to the People’s Bank of China.

The administration issued 200,000 red packages last month, containing 200 renminbi digital yuan ($ 31) for each pocket through lottery activity worth RMB 40 million (about $ 6.2 million in total).

Chinese Prime Minister Li Keqiang said that the digital renminbi would digitize banknotes in circulation, emphasizing that the main target market is in China, rather than an attempt to challenge the leader’s status and dominance of the US dollar.

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