China CBDC Libra Painting Red China Flag

With China reportedly speeding up the development of its national currency, the digital yuan, some researchers and government officials have called on the Chinese government to exercise caution. While Facebook’s Libra might be a threat, there are suggestions that the government should instead work with global regulatory bodies to regulate cryptocurrencies such as Libra. A

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Source and More information: China Advised to Slow Down Its Pace on National Digital Currency