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 Facebook’s Libra faces major regulatory obstacles worldwide. Photo: Shutterstock

China’s sovereign digital currency plan in doubt with concerns raised about wider application

  • The People’s Bank of China (PBOC) stepped up its plan to launch a sovereign digital currency in response to Facebook’s plan to launch its Libra digital currency
  • China has been strictly regulating trading of other digital currencies, such as bitcoin, cracking down on exchanges and mining sites
Topic |   Digital currencies
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 Facebook’s Libra faces major regulatory obstacles worldwide. Photo: Shutterstock
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