Jan 14, 2020

Shadow of doubt cast over China’s sovereign digital currency plan

Posted by in category: finance

Some have called for caution with regards to China’s digital currency, with the urgency to rush through Beijing’s own plan now lessened as Libra, which is perceived by Beijing as a major threat to China’s financial sovereignty, faces major regulatory obstacles worldwide.

The People’s Bank of China (PBOC) stepped up its plan to launch a sovereign digital currency in response to Facebook’s Libra digital currency.

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