Facebook’s Social Media Platforms May Give Libra Unfair Advantage, Says ECB’s Lagarde
Facebook could leverage its social media platform to block out competitors, according to Christine Lagarde.
After another failure above the $10,000 mark, some bitcoin traders are now looking ahead to this week's European Central Bank meeting, where authorities could commit to an extra €500 billion in money injections – er, asset purchases.
The European Central Bank is looking into what a retail central bank digital currency form of the euro might look like, executive member Yves Mersch said.
European Central Bank President Christine Lagarde said a digital euro can place the region at the cutting edge of innovation but it may have fallen behind in the global competition for creating digital payment ecosystems.
France's central bank is calling for digital currency proposals with an experiment that moves it to the front of Europe's CBDC debate.
Lagarde said the ECB will continue researching CBDCs and will not stand in the way of any private initiatives.
On another down day, we're talking U.S. warnings on digital assets, a brief history of troubled but systemically important stablecoin "Tether", and a look at the arms-race in blockchain mining technology.