State Administration of Foreign Exchange official: Librae currency should be regarded as foreign currency into China's foreign exchange management framework

Yesterday at the 3rd China Finance 40th Yichun Forum, Sun Tianqi, chief accountant of the State Administration of Foreign Exchange, believed that Libra should be regarded as a foreign currency and must be included in the overall framework of China's foreign exchange management. Otherwise, Libra should be banned. In addition, in addition to a very few rare cases that are stipulated by the state, the territory of China must be settled in RMB. Including the settlement of domestic transactions in the digital environment. Libraization or dollarization of domestic transactions in the digital environment must not occur.