Tag: digital yuan

China debuted its homegrown digital yuan at the 2022 Beijing Winter Olympics on Friday last week, in an effort to assert its competency in the international community. However, it appears…

China will strengthen its cross-border yuan payments system and explore setting up infrastructure standards for a digital fiat currency as part of a five-year plan for financial standardization.

Citing the “potential to subvert U.S. sanctions,” and “enhance China’s surveillance capabilities”, Republican Senator Pat Toomey called for the Secretary of State and Treasury Secretary to monitor China’s Central Bank…

China is pulling all plugs to make its CBDC digital Yuan popular. The e-CNY is one of the three forms of payment that foreign athletes and dignitaries can use at…

TL; DR Breakdown US lawmakers warn athletes against using digital yuan Toomey concerned about US interests China set to test digital yuan on a big stage The Winter Olympics, which…

“Do not accept any digital yuan,” said Minnesota Representative Tom Emmer in a tweet aimed at Team USA athletes competing in China.

In light of media crackdowns, social scoring and human rights abuses within China, a digital yuan strikes this Senator as a tool of control. The post Senator sounds the alarm…

TL; DR Breakdown COVID protocols will limit test of digital yuan during Olympics Olympics attendants in quarantine $13 billion worth of digital yuan transactions recorded Over the last few years,…