Libra Would Be Trusted If Run By IMF, Former PBoC Governor
The former head of People’s Bank of China (PBoC), Zhou Xiaochuan has argued that the Libra stablecoin would be more readily trusted if it were in the hands of an organization like the International Monetary Fund (IMF). Zhou is the longest-serving governor of China’s central bank to date, having held the role between 2002 and 2018. During his tenure, China soared to become one of the world’s leading economies.
Zhou made his comments during a speech delivered in Beijing as part of the 10th Caixin Summit on Nov. 8