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!
I will wait for the next news from them, and I hope that they are serious about that. I am very curious how it looks like, but I don't hope that it will be looks like Libra.
If they really want to launch their digital currency, I think that will make the market have more competitions of the coins since, in the market, we have so many coins that still compete to reach a better position. Let's see and wait for the update, so we know more about them.