Cryptocurrencies
ECB’s Mersch Says Siren of Libra Is Beguiling But Treacherous
- Facebook’s Libra attracts increased scrutiny from regulators
- Executive Board member says only central bank money is viable
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The European Central Bank’s key legal official Yves Mersch described Facebook Inc.’s plan for its Libra digital currency as “beguiling but treacherous,” in a defense of money issued by institutions such as his.