Huang Zhen, a professor at the Central University of Finance and Economics: Libra does not meet the monetary definition of finance

According to Tencent Technology News, Libra, a professor at the Central University of Finance and Economics and a director of the Institute of Financial Law, said that Libra does not meet the monetary definition of finance, and is not issued by sovereign countries. It can be said to be cryptocurrency or virtual currency. , but not legal tender. It is indeed closer to securities or vouchers and is highly consistent with other popular tokens and vouchers that may be more suitable for regulation by the securities sector. But at present, there is no regulatory paradigm in all countries. Compared with the previous digital currency, Libra is characterized by an extremely wide application business circle, a super business circle currency, and it has joined payment institutions, card holders, and physical businesses. This is beyond Bitcoin and Ethereum.