China Should Take Precautions against Facebook Crypto: Ex-PBoC Head

Facebook’s foray into the payment sector has drawn backlash from governments and regulators across the globe. This time, it is China fencing its borders to keep the social media giant out.
Xiaochuan Zhou, the former governor of the People’s Bank of China (PBoC), suggested the government to take precautionary monetary measures against Libra, the so-called Facebook Cryptocurrency. The noted economist, whose tenure saw China becoming the world’s second-largest economy, supported b