07/09/19 05:00 UTC-4

Chinese crypto-yuan is similar to Libra. He must protect the sovereignty of China

The Chinese national cryptocurrency will be similar to the Libra coin from Facebook. Crypto-yuan will help maintain the sovereignty of the country and prepare for "rainy days".


Crypto-yuan and Libra

According to the Hong Kong Economic Journal, Mu Changchun, deputy director of the People’s Bank of China’s payments department, stated that the national cryptocurrency of the PRC will be somewhat similar to the coin of the Libra social network. In general, crypto-yuan should help the country maintain its sovereignty.

"This is to protect our monetary sovereignty and the status of the national currency. We need to develop a plan in advance when there are rainy days ahead," Mu said at a lecture.

Interesting in the section: Actuality and unique of Monero


Editor: Alyona Nabok

See also: "Over 94,000 BTC were transferred to an unknown wallet"

#Cryptoyuan #China #CBDC #Cryptocurrency #Blockchain



23/08/19 22:00 UTC-4

Out: Libra founders are preparing an "escape" from the project

​The Libra Association (the organization that should develop Facebook’s cryptocurrency) has 28 members. They include such giants as Visa and Uber. Now at least 3 members are trying to get out of the project because of criticism from regulators.