TL;DR Breakdown - China1s-Beijing Olympic Games will be the first time for international users to utilize a national government-backed virtual currency. - e-CNY encourages mass adoption, lowers entry barriers, and allows for cross-border usage. - Several countries, including Brazil, Cambodia, and China, are implementing a government-backed digital currency. For years, China was a crypto host country until it imposed a blanket ban on cryptocurrencies and mining. Following the ban, the People’s Bank of China subsequently launched a digital currency dubbed e-CNY. China`s e-CNY at the Olympics The Olympic Games are the first opportunity for international users to use a central...