Facebook’s Libra is not the real threat, A Chinese digital currency is

In a statement by Mark Zuckerberg, the CEO of Facebook, at Congress, he mentioned that the US did the right thing by regulating the latest payments technology. He mentioned that one may not like Libra, the cryptocurrency proposed by Facebook, but that a digital currency run by the Chinese state, which we’ll be seeing very soon, with a global intention is much less likable.

Zuckerberg believes that the emerging rise of a Chinese....