Digital Currencies Go Global? China, Germany, Project Phoenix8, Binance

A few months ago, Facebook and its Libra shook the world. Some people saw in it a new, global movement and even a modern financial instrument, while some others called it pretentious and predicted Libra a short life.

Either way, Libra paved the way for many new events. It was, kind of, a Pandora´s box. Although many were scarred by it, it was the time to open it. Today, the question is not what went wrong with rolling out – obviously, regulators were not very touched by it – but why.

The major resentment was about Facebook´s arrogance as the Washington Post stated. The energy in the air – or the elephant in the room – was, “How did they dare to even think about a new global currency before talking to us?”


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