A member of the European Central Bank’s executive board sounded the alarm on the “treacherous, cartel-like” Facebook Libra cryptocurrency. Yves Mersch issued a damning warning to not be fooled by Facebook’s hollow promises of a decentralized ecosystem. Despite its noisy protestations, Mersh warns that the Facebook Libra network will be highly centralized. That’s the opposite […]
The post ECB Exec Rips ‘Cartel-Like’ Facebook Libra in Blistering Takedown appeared first on CCN Markets
source https://www.ccn.com/european-central-bank-yves-mersch-facebook-libra/
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