Facebook的稳定币Libra项目，引起各国金融界和监管机构的关注和警惕。Libra在技术成熟度、稳定性、安全性、应用场景等方面均占有优势，也将带来种种潜在风险，增大各国外汇管制难度，弱化各国货币政策实施效果，增加反洗钱和反恐怖融资的难度。对此，中国监管机构应首先明确Libra稳定币的法律属性。其次，中国要调整监管手段及外汇管理的具体方式。最后，有区块链与数字货币技术研发实力的互联网巨头可尝试发行与人民币1：1挂钩的稳定币。监管机构制定出台相应法律政策前，可先行指导和推动上述商业巨头自己创生稳定币的治理规则。在中国互联网巨头探索稳定币发行的成熟经验和商业模式基础上，由中国央行加以借鉴，最后搭建法定的数字货币发行体系。

Libra, Facebook's stable coin, has attracted the attention and vigilance of financial circles and regulators in various countries.Libra has advantages in technology maturity, stability, security and application scenario, which will also bring various measurement risks, increase the difficulty of foreign currencies exchange control, weaken the effect of monetary policy implementation, and increase the difficulty of anti-money laundering and anti-terrorist financing.In this regard, China's regulators are suggested to make clear the legal nature of Libra firstly.Secondly, China needs to adjust the regulatory means and the specific way of foreign currencies exchange management.Finally, internet giants with the strength of blockchain and digital currency technology research and development should be encouraged to try to issue stable coin linked to RMB 1:1.Regulators can guide and promote the above business giants to create their own governance rules of stable coin before formulating and issuing corresponding laws or policies.Based on the mature experience and business model of Chinese Internet giants in exploring stable coin issuance, People's Bank of China will draw experience from them and finally establish a legal digital currency issuance system.

F821;F49

教育部哲学社会科学研究重大课题攻关项目"互联网金融的风险防范与多元化监管模式研究"（15JZD022）