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RE: Thoughts on China’s forthcoming Digital Yuan

in #newsteem5 years ago

It is not going to be easy for Libra to move on, as the whole western community that is actually balancing the money flow are feeling that they are threatened, which is somehow true. Especially the national central banks will have to think about (like China is doing) how to adapt to this kind development because the best way would be to allow Libra to live under the same control as new central bank digital money and give Libra enough competitors.

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It is not going to be easy for Libra to move on

Agreed, there has been quite some "fuss" happening regarding Libra since it was announced, I've never seen such "governmental attention" to any crypto project before ;-)
Yet I think, the Digital Yuan both is/was inspired by Libra developments and it might improve Libra approvals to "not miss out" from a western point of view. It can also be that the EU and/or USA will issue their own dUSD / dEUR token & blockchain? Who knows! Interesting times, to see the least!

Thanks for commenting!

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