Changchun Mu news and trends

China’s Central Bank Says Libra, Stablecoins A Threat To Yuan

December 24, 2019
Yuan
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China’s Central Bank Says Libra, Stablecoins A Threat To Yuan

December 24, 2019
With the worldwide use of Facebook’s Libra, as well as other stable coins, the international development of China’s yuan could be hampered. Also, they could lead to fluctuating asset prices and weaken the impacts of capital controls, Reuters reported, citing the central bank’s vice governor, as reported by Xinhua. In a separate report, Changchun Mu, […]