China's passive digital currency will apparently bear "similarity" with Facebook's own cryptocurrency, and aims to protect China's 'financial independence', according to a senior at China's central bank.
Good for them, I am not sure that we are interested, if they cannot go with our bitcoin and they are fighting it, then they better release their cryptocurrency for their citizens alone which I think that will eventually be the case because if they are releasing similar project as Facebook, and amazon too planning their own with other big companies and all slated for next year, the competition will be too much and there will be so much clash of interest, and this is what will make the whole global coin thing collapse.
There is no way that they can all achieve this global coin dream, bitcoin will still be the most acceptable and most used coin globally because it is independent, unlike the majority of these ones that are fully built on centralization.
