Summary:
The founder and CEO of Chinese telecommunications giant Huawei, Ren Zhengfei, has dismissed concerns that Facebook’s planned cryptocurrency Libra could dominate the world at the expense of China and its tech firms, Sina reports.Noting that countries have more power compared to internet firms, Zhengfei stated that China could issue its own digital currency that would rival Libra:China can also issue such a currency by itself. Why wait for others to issue it? The power of a country is always stronger than an Internet company.Facebook unable to friend ChinaIn Mainland China, Facebook has been banned since 2009 and there was, therefore, no expectation by the social media giant that it would simultaneously launch its cryptocurrency in the world’s most populous country alongside other markets.
Topics:
Mark Emem considers the following as important: China, Facebook, Headlines, Libra, Our Latest Cryptocurrency News
This could be interesting, too:
The founder and CEO of Chinese telecommunications giant Huawei, Ren Zhengfei, has dismissed concerns that Facebook’s planned cryptocurrency Libra could dominate the world at the expense of China and its tech firms, Sina reports.Noting that countries have more power compared to internet firms, Zhengfei stated that China could issue its own digital currency that would rival Libra:China can also issue such a currency by itself. Why wait for others to issue it? The power of a country is always stronger than an Internet company.Facebook unable to friend ChinaIn Mainland China, Facebook has been banned since 2009 and there was, therefore, no expectation by the social media giant that it would simultaneously launch its cryptocurrency in the world’s most populous country alongside other markets.
Topics:
Mark Emem considers the following as important: China, Facebook, Headlines, Libra, Our Latest Cryptocurrency News
This could be interesting, too:
Bitcoin Schweiz News writes Bitcoin als geopolitische Waffe: Steht eine neue Ära der Finanzmacht bevor?
Bitcoin Schweiz News writes Die BRICS+-Staaten und die Kontrolle der Seewege: Geopolitik im Wandel
Christian Mäder writes Halbleiterkrieg: Wie Mikrochips zur Waffe der Geopolitik wurden
Chayanika Deka writes Crypto Transaction Turns Deadly: Chinese Man Murdered in South Korean Luxury Hotel