On September 4th, it was
reported that Mu Changchun, a Deputy Director at the People’s Bank of China (PBOC), has released a course named “Technology Finance Frontier: Libra and Digital Currency Outlook”. The course was made available via a training app on Wednesday, describing Libra in detail and sharing plans for the bank’s upcoming digital currency.
Mu previously
commented on the possible disruptive power of Facebook’s cryptocurrency Libra. He wrote the piece outlining his concerns over its privacy and stability in July.
Last month Mu
revealed that the PBOC is “ready” to unveil its Central Bank Digital Currency (CBDC) after five years of work. He confirmed that the asset will use a two-tier structure for distribution, issued by the central bank to organizations which will then circulate it among their customers.
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