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27 July 2021

Shanghai Man: US senators tell athletes to avoid digital yuan, Chinese exchange volumes rebound … and more

Shanghai Man: US senators tell athletes to avoid digital yuan, Chinese exchange volumes rebound … and more


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After months of writing about the relentless actions of the Chinese government, this week we lead with a story from the US Government.

The logic was that the digital currency would be traceable after the athletes returned to the US, in case China was interested in tracking foreign bi-athletes and bobsledders in their offseason training regiments. .

China’s Foreign Ministry spokespersonZhao Lijian snapped backthat the senators “should stop making troubles” and “figure out what a digital currency really is.” Zhao apparently believes that the US lawmakers might not be up-to-date on the latest in technology, something the crypto-enthusiasts on Twitter have been bemoaning for years. .

Users can choose to avoid certain hardware or apps that provide a data security risk, but avoiding the local currency will be a much more difficult choice to make.

Traveling or living in China without touching the digital currency will be a huge inconvenience, and one likely to not go over well with future generations.

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