As it turns out, all the excitement may turn out to be a bubble. Or is it not? The Global Times refutes the claim that a central-bank-backed Chinese digital currency is soon to be launched. That's contrary to the recent news we've been getting. Let's see what happens next!
Any links though?
Well next to Russia, any news that comes out of China today is just pure FUD or fake so I take everything what they say with a bag of salt. They already turn turn back against bitcoin in 2017 and they just wanted to promote their own coins or alt coins in the ecosystem. So yeah, let's see if they are going to rush with their own version of Libra but I doubt it will have a positive effect, in my opinion.