Yves Mersch of the ECB warns Facebook's Libra "treacherous"


Yves Mersch of the ECB warns Facebook's Libra "treacherous"

AtlantisFX | Yves Mersch, head of the legal department of the European Central Bank, said in a speech at the ECB's legal conference in Frankfurt on Monday that Facebook's Libra was "tempting but treacherous".


Bloomberg reported in a September 2 article about what Mersch had to say about Facebook's Libra. The report states that it sees little or no perspective for private currencies to establish itself as a viable alternative to centrally issued national currencies.

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