Tag Archives: Facebook’s Libra currency ‘could undermine ECB’: official

Widespread adoption of Facebook´s proposed “Libra” cryptocurrency could harm the European Central Bank´s ability to manage the eurozone economy and threaten the euro itself, a top official said Monday. Facebook announced Libra in June, promising the digital currency would be backed by real assets to escape the wild price fluctuations that hit pioneering schemes like Bitcoin. But central bankers, politicians and …

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