China is seeking to allow foreign visitors and athletes to use its digital yuan at the 2022 Winter Olympics in Beijing, a top Chinese central bank official said Sunday, which would make it the first test of the currency involving international users, according to CNBC. (CNBC)
Talking point: The proposed test marks a step forward for the central bank’s digital currency ambitions in, and comes at a time when other governments are still exploring the logistics of rolling out such an asset. The central banks of Canada and the United Kingdom are considering launching digital currencies of their own, but haven’t made a decision on whether to proceed. Meanwhile, China, which has been researching the prospect of a digital yuan since 2014, has recently launched test programs that allow people in cities like Shenzhen and Beijing to spend the currency at retailers.