TOKYO -- Emerging economies are racing ahead of their industrialized counterparts in testing central-bank-issued digital currencies amid fears that their own money could be displaced by cross-border alternatives like Facebook's Libra and China's planned digital yuan.
Cryptocurrencies
Libra threat spurs small nations to create own digital currencies
Cambodia and Marshall Islands look to safeguard monetary sovereignty
Facebook's plan to create a virtual currency called Libra has prompted some emerging nations to consider developing their own. © Reuters
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