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Dispelling the myths and rumors about China's digital currency

Every technological evolution spawns a crowd blinded by ignorance

| China
A customer tries to pay with the digital yuan at a coffee shop in Beijing in December 2020: the digital currency has been tested in more than 1.3 million scenarios.   © VCG/Getty Images

Nan Li is associate professor at the Antai College of Economics and Management at Shanghai Jiao Tong University. John D. Van Fleet supports industry relations for Antai College.

In a letter to the U.S. Olympic Committee last month, several U.S. senators suggested that athletes attending the 2022 Winter Olympics in Beijing next February should be aware that the digital Chinese yuan "may be used to surveil Chinese citizens and those visiting China on an unprecedented scale."

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