China says new digital currency to have some similarities to FB’s Libra
China says new digital currency to have some similarities to FB’s Libra China’s central bank set up a research team in 2014 to explore its own digital currency to cut the costs of circulating traditional paper money and boost policymakers’ control of money supply Current Affairs :- China’s proposed new advanced money would bear a few similitudes to Facebook’s Libra coin and would almost certainly be utilized crosswise over real installment stages, for example, WeChat and Alipay, a senior national bank official said. Mu Changchun, delegate chief of the People’s Bank of China’s installments division, said the advancement of the coin would help ensure nation’s outside trade power as business utilizations of such monetary forms extended. “For what reason is the national bank as yet doing such a computerized cash today when electronic installment strategies are so created?” said Mu, as indicated by a transcript of a talk he gave for this present week that was distributed on t...