Beware the designs of Libra

By Sun Yunchuan | China Daily | Updated: 2019-07-30 11:28
Representations of virtual currency are displayed in front of the Libra logo in this illustration picture, June 21, 2019. [Photo/Agencies]
Facebook has released a white paper on its Libra cryptocurrency project, saying its goal is to issue a «stable currency built on a secure and stable open-source blockchain, backed by a reserve of real assets, and governed by an independent association», which sparked heated discussions worldwide, especially in the political and financial circles.
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