Opinion: Libra is very different from JPM. JPM belongs to financial institutions and the purpose of issuing currency is profit.

Guo Yuhang, chairman of the Star Joint Venture and chairman of the China Blockchain Application Research Center, said: Libra and JPM are two very different things. JPM is a financial institution that sends money for profit, while Facebook is based on non-profit purposes to meet the needs of a large number of customers. All operations of financial institutions require licenses, and Libra, which is issued by Internet companies such as Facebook, is created based on user needs, creating “inclusive finance” for everyone, rather than using a license like Wall Street’s financial institutions to monopolize such services. . In addition, Internet companies like Facebook are more market-oriented and more free. JPMorgan Chase is regulated, and the process of providing financial services is more complicated, and it is necessary to provide various documents to regulators such as the US SEC.