ECB Director warns against Libra

A number of institutions have already reacted critically or alarmingly to Facebook’s plans to release a native digital currency. During a recent conference of the European Central Bank (ECB), its director Yves Mersch also commented on “Libra” and warned of the dangers. The ECB’s control over the Euro could fall, and the international role of the common currency could even be undermined, Mersch warned. Reuters via Gründerszene

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