Chen Yuan, vice chairman of the 12th National Committee of the Chinese People's Political Consultative Conference: Libra will attack the traditional payment business and suggest that countries strengthen supervision and cooperation

According to the Titanium media, at the 4th Global Financial Technology (Beijing) Summit, Chen Yuan, vice chairman of the 12th National Committee of the Chinese People's Political Consultative Conference and former chairman of the China Development Bank, said that the characteristics of Libra different from other cryptocurrencies are mainly reflected in: Payment and anchoring a basket of currencies across borders. Chen Yuan pointed out that the birth of Libra will play a role in the cross-border payment field, which will have an impact on the traditional payment business. It is necessary to strengthen cooperation between countries, and it is necessary to attach great importance to management.