The Chinese regime is planning to promote its newly-developed digital yuan at the upcoming Beijing Winter Olympics. Experts have warned the digital currency could threaten the hegemony of the U.S. dollar in the future. The Winter Olympics is several weeks away. The Chinese regime’s official news agency Xinhua said earlier this month the digital yuan is ready to serve during the games: People can use it “either through wallet apps installed on their mobile phones or via physical wallets in the forms of cards and wearables such as smart watches and ski gloves or badges.” But U.S. politicians have warned American athletes to keep away. Congressman Lance Gooden (R-Texas), joined by Reps. Markwayne Mullin (R- Okla.), Lisa McClain (R-Mich.), and Jake Ellzey (R-Texas) sent a letter on Dec. 16 to the U.S. Olympic & Paralympic Committee, urging them to forbid American athletes from acquiring or using the new form of …
China to Use Beijing Olympics to Promote Digital Yuan in Challenge to Dollar Hegemony
December 27, 2021
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