Bundesbank Head Says Don’t Suppress ‘Innovative Concepts’ Like Libra

Bundesbank Head Says Don’t Suppress ‘Innovative Concepts’ Like Libra

The head of Germany’s central bank Jens Weidmann spoke in favor of Facebook’s Libra during a recent G7 event.

Weidmann, Bundesbank President and the Governing Council member of the European Central Bank, argued that global regulators should not suppress the project in its infancy, according to an email newsletter in a shared by eToro senior market analyst Mati Greenspan on July 19.

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