China's passive digital currency will apparently bear "similarity" with Facebook's own cryptocurrency, and aims to protect China's 'financial independence', according to a senior at China's central bank.
China is hoping that the use of cryptocurrency will eventually lead them to worldwide financial domination as they can eventually get away from the powerful influence of other big countries especially the United States. However, the road to success for this endeavor will never be a smooth one and there will always be challenges and obstacles ahead. It would be interesting to watch how China will be using this tool to advanced its global ambition to be the next super-power replacing USA.