Vice President of Shanghai Development Research Foundation: Libra is likely to be "in the womb"

Qiao Yizhang, vice president and secretary general of the Shanghai Development Research Foundation, pointed out that Facebook ’s plan to launch Libra is likely to be “unborn,” because this global currency attempted by commercial institutions will damage the country ’s legal currency. sovereignty. In addition, Libra has no solutions to the hidden dangers of privacy, consumer protection and anti-money laundering, which makes it uncertain.