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US lawmakers issue warnings about digital yuan as Winter Olympics kicks off -Breaking

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After the Beijing 2022 Olympics Winter Games’ opening ceremony has been completed, and the athletes are now in China for the event, two congressmen have raised concerns about the possible dangers of digital yuan.

According to Reuters’ Friday report, Pat Toomey is the Pennsylvania Senator SendOn Thursday, a letter was sent to Janet Yellen and Secretary of State Antony Blinken regarding concerns that the Chinese government might use games to encourage greater adoption of the central bank’s digital currency (CBDC), or the digital yuan. Since April 2020, the country has been testing CBDC. An announcement of foreign athletes and touristsIt would allow them to utilize it at the Olympic Games.