Categories: Market

China wants US senators to “stop causing trouble for the digital yuan. close”

Just before the Olympic flame goes out at the 2022 Beijing Winter Olympics, the heat is rising among US lawmakers and Chinese officials.

During a press conference on Tuesday, Chinese State Department spokesman Zhao Lijian referred to the letter of warning sent by US senators to the US Olympic and Paralympic Committees regarding the use of the copper digital yuan in the Olympic Games next year.

Lijian urged US politicians to “obey the spirit of the Olympic Charter,” and urged them to “stop making sport a political issue and not cause problems for digital currencies in China,” the South China Morning Post news.

Lijian claims recent actions have shown a lack of understanding, suggesting that US lawmakers are “figuring out what a digital currency really is.”

Earlier this week, Republican Senators Marsha Blackburn, Roger Wicker, and Cynthia Lummis wrote a letter Susanne Lyons, President of the US Olympic and Paralympic Committee. Alleging that the People’s Bank of China (PBoC) will “track and trace” the digital yuan, three officials are calling for US athletes to be banned from using or accepting China’s digital currency.

The Senators reaffirm that the Communist Party of China can use digital currency to monitor athletes returning to the United States, saying that the new digital yuan feature will allow Chinese officials to “know in detail and exactly what someone bought where ”.

In the letter, all three requested a meeting of the Senate Committee on Commerce, Science and Transportation within 30 days on the matter.

China, on the other hand, sees the Olympic Winter Games in Beijing scheduled for next year as the first test for foreigners to use China’s digital central bank currency. At the Boao Forum for Asia in April, PBoC Lieutenant Governor Li Bo said:

“For the upcoming Olympic Winter Games in Beijing, we are committed to making e-CNY available not only for domestic users, but also for international athletes and visitors.”

At home at home

According to Cointelegraph

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

CoinX

Recent Posts

BlockDAG Surges Past $170M as BDAG250 Bonus End Countdown Begins – Aave Targets $400 & Solana Shines with Scalability

BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…

33 minutes ago

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

1 hour ago

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

2 hours ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

3 hours ago

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

3 hours ago

Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing Returns 

Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…

5 hours ago

This website uses cookies.