Huawei CEO: China Can Issue Libra-Like Cryptocurrency Before Facebook Realizes Crypto Plan
[ChainDD report] July 30 (ChainDD) In his interview with Italian newspaper Fabio Savelli, Huawei president Ren Zhengfei replied whether Facebook proposed blockchain-based cryptocurrency Libra signals US technology companies will work with US government to keep its dominance in the world and will Facebook take into account of China’s companies or include China’s fiat currency into the basket of currencies that back Libra when issuing it.
Ren said: “China itself can issue such currency, so why China has to wait for others’ launch? The strength of a state is always powerful than an IT company. ”