Articles of Libra

Hot discussion on Libra, what is the significance of the central bank’s two-year promotion of digital currency research and development?

"If the central bank directly issues digital currency, it will help to improve the payment function and enhance the effectiveness of the monetary policy. In the future, it will promote the central bank's digital currency research and development." Wang Xin, director of the Central Bank Research Bureau, said on July 8. This is the second […]

Libra "forces the palace"

While the Libra cryptocurrency project released by Facebook is still hot, the development of the “regular army” central bank digital currency has also attracted widespread attention. After the deputy director of the central bank's payment and settlement department, Mu Changchun, pointed out that Libra could not do without the support and supervision of the central […]

Libra's super international currency dreams of "Scorpio", the RMB digital currency also came into being

On June 18th, just as China’s e-commerce companies were busy with the “big promotion” in the middle of the year, Libra’s official website, the cryptocurrency led by US social media giant Facebook, was officially launched, and the Libra White Paper was released. It is planned to be launched in 2020. The cryptocurrency Libra. When the […]

Opinion: Facebook stable currency technology may become the mainstream of blockchain in the future

Since the release of the stable currency white paper on Facebook, there have been many opinions. One of the common comments is that Facebook's technology is nothing special. However, when I interviewed the author on the night of the release, the author asked everyone not to underestimate Facebook's stable currency technology [1, 2, 3, 4, […]

Nobel Prize winner Stiglitz: The fool will believe in Facebook's Libra

Facebook's Libra project has sparked a wave of discussion around the world, with a voice that affirms its technological innovation and concerns about its impact on the global financial system. However, Nobel laureate Stiglitz has claimed that only fools will believe in Facebook's cryptocurrency, because Libra has a dilemma in regulation and privacy. He denounced […]

Research Report | Libra is a fixed income ETF

(Facebook vs. BlackRock – ETF Battle) Overview Libra's structure is similar to the popular exchange-traded fund (ETF) model, in which unitholders are entitled to a financial return on a basket of financial assets. These units can be traded on exchanges, and selected authorized participants can create and redeem units using the underlying assets. As we […]

When Libra meets the Chinese central bank: Libra's potential, risks and central bank response are here.

On June 18, 2019, Facebook, a social giant with 2.7 billion global users, launched Libra, a cryptocurrency stabilization currency project, and attracted the support of dozens of giant companies with the intention of creating a new global financial system. This is followed by close attention from the central bank from the United States to Europe […]

Is Libra code 100% original? Cai Weide: Don't underestimate Facebook's stable currency technology

Since the release of the stable currency white paper on Facebook, there have been many opinions. One of the common comments is that Facebook's technology is nothing special. However, when I interviewed the author on the night of the release, the author asked everyone not to underestimate Facebook's stable currency technology. Code similarity analysis Now […]

Wang Xin, the central bank: How does Libra inevitably impact the central bank of the French currency? (with the full text of the speech)

At the launching ceremony and the first academic seminar of the Digital Finance Open Research Project held on July 8, Wang Xin, director of the Research Bureau of the People's Bank of China and head of the currency management bureau, on the central bank's major international organizations and central banks on digital finance, Some of […]

ECB Executive Director calls for financial regulators to act quickly on Libra

According to Cointelegraph's July 8 report, ECB executive director Bennoit Coeure said financial regulators must act quickly to prepare for Facebook's Libra stable currency. (Source: pixabay ) According to Bloomberg News, Coeure said in Aix-en-Provence, in southern France, on Sunday that it would be highly irresponsible for regulators to allow project parties to develop new […]