Facebook's Libra has been in the spotlight for the last few months, and not in a good way. Now, however, the voices of criticism are promoting a very similar project. Coincidence? Don't think so.
Criticism of Facebook's cryptocurrency
, has been coming from all over the world, but mostly from the US
and the European Union
. Despite that fact, China
wants to release its virtual currency. They want to do it before their rival does.
Two days ago, on the local English-language news outlet China Daily
, unnamed experts revealed an opinion, that Beijing's central bank will be the first to launch their CBDC
cannot set a date of release until they solve their problems with regulators.