The Olympic Games in 2022 will be the world’s most prestigious sporting event. Athletes from all over the world will be competing to make a name for themselves and their countries. However, senators from the United States are concerned that the games will be staged in Beijing.
The United States sent a warning note to Chinese authorities, expressing their concerns about the digital Yuan. Chinese authorities could exploit digital Yuan for spying purposes, according to US officials.
The Digital Yuan would not be used to spy on countries during the Olympic Games in 2022.
According to a report published in the South China Morning Post, the Chinese foreign ministry, represented by Zhao Lijian, is enraged by the US Senators’ attacks on the digital Yuan.
Zhao says that the US government does not need to combine Olympic sports, the digital Yuan, or foreign policy. He further claimed that their warning notice revealed their lack of understanding of digital currency, drawing erroneous links between espionage and the Yuan.
Digital currencies are being used in the Olympics.
According to Chinese authorities, all international visitors to China will use the Yuan currency, which will be available in digital format on their smartphones. As a result, they will not be required to register a bank account with any Chinese bank and will be able to make payments quickly. According to the PBoC (People’s Bank of China) statistics, around 20.8 million registered users are registered.
Senators who say that digital currencies can be used to follow and spy on players and visitors from all over the world were alarmed by many users.