Stablecoins harbor big risks, tough rules needed: Coeure

Stablecoins harbor big risks, tough rules needed: Coeure

5 years ago
Anonymous $4ckUSNo_FL

https://www.reuters.com/article/us-facebook-libra/stablecoins-harbor-big-risks-tough-rules-needed-coeure-idUSKBN1W11CZ

Stablecoins such as Facebook's planned Libra are untested and pose serious risks, the European Central Bank's Benoit Coeure said on Monday, pledging a tough regulatory approach amid global scrutiny of the social media company's project.

Stablecoins harbor big risks, tough rules needed: Coeure

Sep 16, 2019, 12:30pm UTC
https://www.reuters.com/article/us-facebook-libra/stablecoins-harbor-big-risks-tough-rules-needed-coeure-idUSKBN1W11CZ >Stablecoins such as Facebook's planned Libra are untested and pose serious risks, the European Central Bank's Benoit Coeure said on Monday, pledging a tough regulatory approach amid global scrutiny of the social media company's project.