China Confirms its CBDC is Similar to Facebooks Libra

China CBDC Libra Painting Red China Flag

China’s upcoming digital currency is reportedly going to be very similar to Libra in terms of network design, but it will take a more holistic approach to find harmony between money-laundering prevention and anonymous payments. EJ Insight reports that the country initially set up a research team to launch a digital currency back in 2014,

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Source: BTC Manager