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Bank of China Reportedly Reveals Machine That Converts Foreign Currency to Digital Yuan

The Bank of China has revealed a machine that converts foreign currencies into digital yuan. The machine is likely to be rolled out for the 2022 Beijing Winter Olympics when the central bank digital currency (CBDC) is set to be introduced globally. It requires a passport but not a bank account. "The Hash" squad discusses the latest in China's CBDC pilot and its potential threat to privacy.