Facebook’s Libra forcing China to step up plans for its own cryptocurrency, says central bank official | South China Morning Post

Will the great ones finally surrender to cryptocurrency?

If China does, I believe that others will follow and thus confront the power of the banks.

Look at how there are different opinions among the big world banks, some are against the regulation of cryptos and others use blockchain services widely to effect transfers such as Ripple and NEM

New digital currency could have major impact on monetary policy and financial stability, warns Wang Xin, director of the People’s Bank of China research bureau.

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