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

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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 ...

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ecb euro european central bank facebook finance financeit libra mark zuckerberg networking security yves mersch

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