Back

German Central Bank Comes Out in Favor of Libra

author avatar

Written by
Advertorial

editor avatar

Edited by
Max Moeller

21 July 2019 09:46 UTC
Trusted

The German central bank chief Jens Wiedmann said in a recent statement to the press that Facebook’s Libra could be “attractive to consumers.”

Sponsored
Sponsored

Although most central banks have been hesitant and sometimes outright dismissive towards Facebook’s planned cryptocurrency, Germany’s central bank chief feels differently.

“There’s no reason to be alarmed,” he told reporters. However, there’s every reason to “be vigilant,” he added. The comments came at a recent G7 meeting. Weidmann also said that Facebook should only go ahead with its plans if it can address all of its regulatory concerns. If Libra manages to deliver on its promises, then Weidmann says that the cryptocurrency will largely be a success.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.