Shanghai Jiaotong University Zhu Ning: Digital currency is an inevitable trend

According to news from Sina Finance on January 24, in an interview at the Davos Forum, Zhu Ning, deputy dean and professor of finance at Shanghai Jiao Tong University's Shanghai Advanced Institute of Finance, said that digital currency is an inevitable trend, and Libra is difficult to defeat the central bank DCEP. He said that digital currency is the future of the development of the entire global monetary system, and it will also help accelerate the internationalization of the RMB. Specific to Libra Libra and the DCEP piloted by the People's Bank of China, in Zhu Ning's view, comparing company credit and sovereign government credit, the two are not at the same level. At the same time, as central banks of various governments pay more attention to and supervision of cryptocurrencies, the development space of cryptocurrencies such as Libra will be limited.