On October 22, CICC released a securities research report on the topic of blockchain research: the encryption asset supervision policy became clear and the technology development entered the 3.0 era. CICC pointed out in the report that since 2019, the crypto-asset market has begun to pick up. The policy of the past year has become clearer, and there has been a breakthrough in technology. By understanding the development of crypto-asset technology and regulation, Libra and Libra are well-versed. The possible future direction and impact of the central bank's digital currency.