CryptocurrenciesLibra, the yuan and the dollar: A complex digital currency war
As China ponders 'financial belt and road,' US stays cool to Facebook e-money
China is worried that Facebook's proposed virtual currency, Libra, could upset its own plans for a digital yuan. © Kay Nietfeld/picture-alliance/dpa/AP Images
AKIO FUJII, Nikkei senior editorial writer
September 7, 2019 12:02 JST
TOKYO -- A proposal by U.S. social networking leader Facebook to create a virtual currency called Libra is making waves. Such a currency could become the third node in a three-way struggle with the yuan and the dollar for supremacy in the 21st century.