According to the Economic Information Daily, the Singapore Straits Times website reported on August 12 that the Deputy Director of the Payment and Settlement Department of the People's Bank of China, Mu Changchun, said at the "China Financial Forty People Yichun Forum" held in Yichun, Heilongjiang. Since last year, central bank researchers have been working hard to develop this cryptocurrency, which is “arguably out of reach”. But he did not disclose the specific release time. Dave Chapman, executive director of BC Technology Group in Hong Kong, said: "Undoubtedly, with the release of Libra, governments, regulators and central banks around the world have to speed up their plans to develop and launch digital assets." Puman said that they had to consider the possibility that non-government-issued digital currencies could “seriously” interfere with finance and payments.