China Fast-Tracks Central Bank Cryptocurrency to Fight Facebook’s Libra

2019-7-9 09:29

The announcement of Libra marked the beginning of the strategic pulse involving players from the world of crypto and fintech while attracting the attention and alarms of important actors in global geopolitics such as the U.

S. Congress and, more recently, the government of China. According to the South China Morning Post; Wang Xin, director of […]

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china libra facebook fast-tracks central bank fight

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Bitcoin’s meteoric rise, Facebook’s Libra will have China accelerate its digital currency project

It all started with the US launching an investigation of China’s trading policies in 2017, leading to the imposition of tit-for-tat tariffs on products by both the countries. As tensions between the two countries intensified, what many observed was an opportune moment for cryptocurrencies to replace the legacy institution.

2019-7-11 02:30