Next year’s winter Olympics will be held in Beijing, China. Therefore, reports have it that China has been making adequate preparations to host the world accordingly.
China would have also launched her digital yuan (China’s CBDC) by then. In regards to the Olympics, the digital yuan would allegedly facilitate more payments ease among the participants.
In lieu of this, three United States senators wrote and signed a letter to the United States Olympic & Paralympic Committee where they expressed their concerns about how United States athletes should not use the digital yuan. These senators are Marsha Blackburn, Roger Wicker, and Cynthia Lummis.
They premised their arguments on the fact that the People’s Bank of China is entirely in control of the digital yuan – meaning that they can “track and trace” it.
Therefore, there are—as they claimed—allegedly strong likelihood that China would violate athletes’ private data with this.
They also backed this up with the way China is allegedly using WeChat, a digital payment platform, to track the data of her citizens unlawfully and without consent.
Mainly, the aim of this letter is to stop United States Olympic athletes from using the digital yuan to protect their privacy.
Sequel to this, they expect the United States Olympic & Paralympic Committee to brief the Senate Committee on Commerce, Science, and Transportation within the next thirty days.
“A briefing on this request for Senate Committee on Commerce, Science, and Transportation members within 30-days of receipt of this letter would be particularly helpful,” the letter reads.
At this juncture, we will know whether or not the United States Olympic & Paralympic Committee buy this idea when they eventually reply to this letter.