Digital currencies

Facebook’s Libra galvanises Asian central bankers into action

Central bankers from China, Hong Kong and Thailand plan to issue their own digital currencies, spurred by the threat to their monetary policy. They were previously too complacent, says the IMF.

Facebook’s plans to launch digital coin Libra next year has wrong-footed central banks in Asia and jolted some into accelerating their own alternative offerings.

¬ Haymarket Media Limited. All rights reserved.

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