Europe should ignore 'treacherous promises' of Facebook's Libra currency, says central banker

By on
Europe should ignore 'treacherous promises' of Facebook's Libra currency, says central banker

Could undermine the European Central Bank's ability to set monetary policy.

Facebook's proposed Libra currency could undermine the European Central Bank's ability to set monetary policy and Europe should ignore its siren call of "treacherous promises" ECB board member Yves Mersch said has warned. Facebook announced Libra — a new digital coin backed by four ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
ecb euro european central bank facebook finance financeit libra mark zuckerberg networking security yves mersch

Sponsored Whitepapers

Empowering workforces in the new environment
Empowering workforces in the new environment
Is the technology refresh dead?
Is the technology refresh dead?
DevSecOps: A framework for digital innovation
DevSecOps: A framework for digital innovation
Encryption: Protect your most critical data
Encryption: Protect your most critical data
Overcoming data security challenges in a hybrid, multicloud world
Overcoming data security challenges in a hybrid, multicloud world

Events

Most Read Articles

Aussie Broadband says some customers are switching providers to get high-speed NBN discounts

Aussie Broadband says some customers are switching providers to get high-speed NBN discounts
Aussie Broadband to white label its services

Aussie Broadband to white label its services
Swinburne University data breach exposes details of 5000 staff, students

Swinburne University data breach exposes details of 5000 staff, students
ATO loses its cyber security chief

ATO loses its cyber security chief
You must be a registered member of iTnews to post a comment.
| Register

Log In

Username / Email:
Password:
  |  Forgot your password?