The great financial crisis sowed distrust in the global monetary order, spawning bitcoin and myriad copycat cryptocurrencies. But it was not until the middle of 2019 when a Facebook-led consortium threatened to launch Libra, its own stablecoin, that officials really began to fret. The perceived threat to sovereigns’ unrivalled power to control money creation was such that state-backed digital currencies now look inevitable.
那場重大金融危機給全球貨幣秩序埋下了不信任的種子，催生了比特幣和不計其數跟風的加密貨幣。但直到2019年中期，一個由Facebook主導的財團宣稱要發行自己的穩定幣Libra，官員們才真正開始擔心。這被認為威脅到了主權國家獨一無二的對貨幣創造的控制權，以至于開發由政府支持的數字貨幣現在似乎已是不可避免。
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