Tuesday 5 November 2019
The European Central Bank should look into the prospect of launching its own public digital currency. That’s according to a new European (EU) draft document, which comes amid increased regulatory scrutiny in the wake of Facebook‘s ‘cryptocurrency‘ plans. By this point, you will all know that Facebook said in June that it was planning to launch Libra, its digital currency, next year. However, this prompted a swift response from several countries, including France and Germany, who several months later, said Libra posed significant risks to the financial system and backed creating a public alternative. According to Reuters, the draft text,…
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