New digital currency will be similar to FB’s Libra: China

07 Sept 2019 News : New digital currency will be similar to FB’s Libra: China https://lnkd.in/extsNfA ===================================== Highlight : Mu said China’s digital currency would strike a balance between allowing ANONYMOUS PAYMENTS and preventing MONEY-LAUNDERING. It would also bear some similarities to Libra in design but would not be a direct copy, he said without elaborating. ===================================== In Oct 2018, I wrote : Will China save the World ? https://lnkd.in/eje79ES ================== Technology suggested by me in my above-mentioned blog , was primarily targeted to reduce / eliminate the menace of BLACK MONEY and the consequent, PARALLEL ECONOMY , by embedding a RFID micro-sensor into high denomination currency notes I believed that it will be China which will be the FIRST COUNTRY to implement my suggestion ( Will China save the World ? ) Now, it seems, not only has China found a simpler and better technology in the form of a Crypto-Currency but a much FASTER / SECURE method of getting rid of CORRUPTION ( - by gradually eliminating all CASH currency notes ) !