Winter Olympics 2022: Chinese And U.S. Politicians Are Fighting About Digital Yuan

The relationship between China and the U.S. has not been the best recently. And now, Chinese and U.S. politicians fight about the usage of the digital Yuan at the Winter Olympics 2022. 

Chinese and U.S. politicians are fighting because the Republican senators Marsha Blackburn, Roger Wicker, and Cynthia Lummis wrote a letter to Susanne Lyons. She is the U.S. Olympic and Paralympic Committee board chair. And in the letter, the senators warned Lyons about the digital Yuan:

“The digital yuan is entirely controlled by the PBOC, and can be tracked and traced by the central bank (…) the Chinese government released key features (…) including the ability of the government to know the exact details of what someone purchased and where.”

Letter by the Washington State Senate

In addition, the senators requested a briefing on the topic. The briefing should inform the Senate Committee on Commerce, Science, and Transportation.

But how did China react?

Chinese Foreign Ministry spokesman Zhao Lijian said that the U.S. should stop abusing the Olympics for political matters. Also, he encouraged the senators “to stop making trouble out of the digital Yuan”.

Politics and sports got in conflict quite often recently. During the European Championships, Hungarian politicians claimed that Germany should stop abusing football for political matters. German fans and players wanted to make a statement for the LGBT movement. The Winter Olympics is one of the most-watched sports events in the world. So, the event attracts a lot of political attention.

Still, since all the macroeconomic conflicts between China and the US, this fight is more than just about the digital Yuan.

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