FILE PHOTO: A small piece of a toy figure standing on the representations of the virtual currency in the front end of the Scale, the logo in this illustration picture the 21 of June, 2019 at the latest. REUTERS/dado Ruvic/Image/File Photo
BEIJING (reuters) – The global use of Facebook’s Scale, and other stable currencies can be an obstacle for the Chinese yuan for international development, the official Xinhua news reported on Monday, citing central bank vice-governor, and Chen Yulu.
They can also be a result of the effects of capital controls, and result in volatile prices, of the assets, which could impact on financial stability, said Chen at a finance event on the Saturday.
Reporting from Beijing, Monitoring, Office, Editing by Louise Heavens