Digital Yuan Rollout Is ‘Response to Facebook’s Libra’

A South Korean financial expert says that China’s forthcoming digital yuan will be used in cross-border trading – possibly replacing the United States dollar in many international deals – and has been sped up as a response to Facebook’s Libra project.
Per Maeil Kyungjae, Kim Jong-han, a senior researcher at the Korea Institute of Finance, a leading economic think  Read more »
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