European Central Bank Official Calls Facebook’s Libra “Treacherous” and “Cartel-Like”

September 3, 2019 @ 9:33 am By Cali Haan |

Private money on the scale of Facebook’s Libra is dangerous and likely contrary to the public good, Yves Mersch, Executive Board Member of the ECB told the ESCB Legal Conference in Frankfurt September 2nd: “In the field of money, history bears testament to two basic truths…. Read More

ECB Board Member: “Virtual Currencies are Not Money, nor Will they be for the Foreseeable Future.”

February 8, 2018 @ 6:31 pm By JD Alois |

Earlier today, Yves Mersch, Member of the Executive Board of the European Central Bank, spoke at a forum in London. Mersch addressed the topic du jour: cryptocurrencies and the future of virtual money in the digital age. Mersch posed the question as to whether or… Read More