“We cannot allow America’s athletes to be used as a Trojan horse to increase the Chinese Communist Party’s ability to spy on the United States,” said Sen. Cynthia Lummis.
Beijing is hosting the Winter Olympics in 2022.(Lintao Zhang/Getty Images)
Jul 19, 2021 at 5:07 p.m. CDTUpdated Jul 20, 2021 at 8:27 a.m. CDT
Three senators are calling on the U.S. national team to effectively boycott China’s digital currency at the 2022 Winter Olympics in Beijing.
Athletes should be forbidden from “receiving or using digital yuan during the Beijing Olympics,” Republicans Marsha Blackburn, Cynthia Lummis and Roger Wicker said in a Monday letter to the U.S. Olympic Committee leadership, citing privacy concerns.
“We cannot allow America’s athletes to be used as a Trojan horse to increase the Chinese Communist Party’s ability to spy on the United States,” Lummis told CoinDesk.
The boycott call amounts to an early salvo in the digital currency arms race, given its proximity to the 2020 summer games. Tokyo’s year-delayed event is set to begin later this week.
Read more: Digital Yuan Used in $5B of Transactions, Says China’s Central Bank
China, which in February 2022 will host the winter games, is in the midst of debuting its e-CNY digital currency, by far the most advanced central bank digital currency (CBDC) project in the world. Last week the People’s Bank of China confirmed travelers will be allowed to open digital wallets while visiting the country. https://www.coindesk.com/us-senators-ask-team-usa-to-boycott-chinas-digital-yuan-at-2022-olympics