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COVID restrictions stymie digital yuan rollout at Beijing Winter Olympics: Report

Published 01/31/2022, 04:45 PM
Updated 01/31/2022, 06:20 PM
© Reuters.

Though athletes and support staff arriving for the Beijing 2022 Olympics still have the option of using digital currency for payments at many venues, the international test run of China’s CBDC is reportedly facing hurdles due to the pandemic.

According to a Monday report from CNN, athletes, officials and journalists for the country’s Olympics games are largely separated from the population of China in a quarantine “bubble” to prevent the spread of COVID-19. These precautions combined with the Chinese government deciding to limit the number of in-person spectators may result in far fewer people testing the digital yuan as a method of payment at the major event.

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