China’s Cryptocurrency Plan Has a Powerful Partner: Big Brother

Facebook’s Libra project led Beijing to accelerate its efforts. The government could soon know a lot more about how people are spending. BEIJING — When Facebook announced plans this year for a cryptocurrency called Libra, it said its goal was to reinvent money for the internet age.

https://www.nytimes.com/2019/10/18/technology/china-cryptocurrency-facebook-libra.html