RATE Group | China Launches Cryptocurrency Course with Top PBOC Official: De Dao
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China Launches Cryptocurrency Course with Top PBOC Official: De Dao

China Launches Cryptocurrency Course with Top PBOC Official: De Dao

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Mu Changchun, the Deputy Director at the People’s Bank of China (PBOC), launched an online audio course about Libra and digital currency in a popular Chinese education app De Dao on August 4, 2019.

It is not the first time Mu talked about Facebook’s cryptocurrency Libra and digital currency. After Facebook announced Libra in June 2019, Mu has mentioned Libra and also Chinese digital currency DCEP (Digital Currency Electronic Payment) frequently in multiple scenarios. 

In July, he published an article on Caixin Weekly saying Libra should be included in the central bank’s regulatory framework in order to guarantee its stable development.  In a financial forum in August, Mu said research on DCEP has been ongoing for five years, and DCEP would be released in the near future.

However, the audio course Technology Finance Frontier: Libra and Digital Currency Outlook is Mu’s first attempt to talk about Libra and digital currency systematically for online audiences on a large…

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