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CryptoSlate
2019-07-09 00:12:49

China’s central bank is developing a state-run cryptocurrency in response to Facebook’s Libra

China’s central bank is developing a state-run cryptocurrency in response to Facebook’s Libra

China’s central bank is creating its own cryptocurrency in response to Facebook’s Libra, said Wang Xin, director of the People’s Bank of China’s (PBOC) research bureau. Reasoning behind China’s hostility towards cryptocurrency China’s stance towards Bitcoin, and cryptocurrency in general, has been hostile—and understandably so. China tightened capital controls in the wake of a shock […]The post China’s central bank is developing a state-run cryptocurrency in response to Facebook’s Libra appeared first on CryptoSlate.

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