Chairman of the National Finance and Development Lab: Digital currency, especially Libra, needs in-depth research

Recently, Li Yang, chairman of the National Financial and Development Laboratory, expressed his views on the digital currency (Libra) launched by Facebook. It said that digital currency marks the new era of finance, which is the latest technology for traditional central banks and traditional finance. The challenges of the regulatory system and the traditional monetary system, to understand the digital currency, especially Libra, need to be studied in depth, especially from the basis of monetary economics.