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COVID restrictions stymie digital yuan rollout at Beijing Winter Olympics: Report -Breaking


© Reuters.

Though athletes and support staff arriving for the Beijing 2022 Olympics still have the option of using digital currency for payments at many venues, the international test run of China’s CBDC is reportedly facing hurdles due to the pandemic.

According to a Monday report from CNN, athletes, officials and journalists for the country’s Olympics games are largely Separate from the population of China in a quarantine “bubble” to prevent the spread of COVID-19. This, combined with the Chinese government’s decision to restrict the number of spectators at major events may lead to far fewer people using the digital Yuan for payment.