Zhong Wei, Beijing Normal University: It is recommended to allow domestic financial technology companies to try something similar to Libra.

On August 10, Zhong Wei, director of the Financial Research Center of Beijing Normal University, said in a speech that Libra is still a very important thing. Libra is a design from the bottom to the account to the payment. It is really different from the tokens and bitcoins we see now. Libra has its own traffic, has its own scene, and has its own closed loop system. If the United States tries Libra, can we imagine or suggest that China’s regulatory authorities’ central banks or government functions can also allow some of our Chinese financial technology companies to try something similar to Libra because we are more than them. It is better to do better, not worse.