September 02 - 11:09
ECB gives Libra a frosty reception
The legal brain at the European Central Bank has described Facebook's cryptocurrency plans as "treacherous". Yves Mersch labelled Libra the social media giant's "siren call", warning against its instability compared to other payments solutions. Mersch also referenced ongoing probes into Facebook's use of data and market dominance. Facebook plans to launch Libra across its platforms in 2020.
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