In privacy terms, the Chinese government would do as much as it can to track the money spent within it’s region and especially Cryptocurrencies, which in their opinion is a method of laundering money. China already has a very sophisticated mobile payments system, led by WeChat Pay and Alipay. Companies already collect plenty of private financial data, but the digital yuan will make that data even more accessible to the government. Fanusie said the Chinese government can already go to the payment companies and get the data, but with the digital yuan, they won’t need to take that extra step because they will already have direct access to that data.