China is likely to be the first country to introduce a government-backed digital currency. Photo: Reuters
Facebook’s Libra set to face competition as China races to launch digital currency, official media says
- ‘China Daily’ reported on Tuesday that the time is ‘almost ripe’ to introduce a government-backed digital currency, citing experts close to the central bank.
- The launch of Libra was tentatively scheduled for the spring of 2020
Topic |
China economy
China is likely to be the first country to introduce a government-backed digital currency. Photo: Reuters
