Facebook's Libra And China: The Real Scenario

Written by john-ejiofor | Published 2019/08/07
Tech Story Tags: facebook | libra | facebook-libra | cryptocurrency | latest-tech-stories | crypto-in-china | facebook-in-china | libran-and-china

TLDR Facebook announced the launch of the Libra, a digital currency that could be the biggest social network in the world. Facebook and cryptocurrency are banned in China. China’s government has been trying from all fronts to quash the cryptocurrency market in recent years in order “to prevent financial risks,” according to the South China Morning Post. President Donald Trump added to Libra's discomfort by saying that cryptocurrencies are “not money” and “based on thin air”via the TL;DR App

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Written by john-ejiofor | Entrepreneur, Digital Marketer, Tech Enthusiast, CEO/Founder of Nature Torch
Published by HackerNoon on 2019/08/07