Thursday, September 29, 2022

Republican Senators Ask USOPC To Restrict Digital Yuan In Winter Olympics In China

Republican senators are appeared to be worried about China using its digital yuan in the upcoming 2022 Beijing Olympics, to spy on the team USA, according to the reports.

A trio of Republican senators has written a letter while expressing their concern, over the matter, to the United States Olympic & Paralympic Committees (USOPC).

On July 19, the USOPC received a joint letter from the three senators, including Marsha Blackburn (R-Tenn), Cynthia Lummis (R-Wyo) and Roger Wicker (R-Miss), regarding espionage and data security. 

According to the GOP senators, the Chinese Communist Party (CCP) has been using the digital yuan to spy on the individuals who own them, and if that CBDC would be used in 2022 Bejing Olympics then it would be spying on the team of the US.

The report states that earlier also, the senators wrote a letter to the USOPC, expressing their concern over the safety of American players in the Beijing Olympics.

A month ago, the President of the United States of America, Joe Biden, received a letter from Senator Tom Cotton (Rep-Ark), in which he shared his concern over China’s activities. 

Senator Cotton, in his letter, mentioned that at the time of the Olympics in Beijing, China could try to collect the DNA of the US team.

The senators in the letter asked the USOPC’s Board Chair, Sussane Lyons, to restraint the American athletes from using the Chinese CBDC, during Winter Olympics.

They further expressed their fear in the letter and stated that if the American athletes would use digital yuan, then there are more chances that China traces or track them. They say this because the Chinese CBDC is fully controlled by the People’s Republic of China (PBoC).

Additionally, the letter stated, “Olympic athletes should be aware that the digital yuan may be used to surveil Chinese citizens and those visiting China on an unprecedented scale, with the hopes that they will maintain digital yuan wallets on their smartphones and continue to use it upon return.”

Following that the senators specified that the digital yuan has such features which could help the Chinese government to get exact details of any transaction.

They believed that China’s digital yuan invention is not for promoting a digitized form of the country’s legal currency. However, it is to exploit gaps in privacy.

The trio of Senators did not write anything in the letter hypothetically, in fact, the writing content was totally based on factual detail.

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