Express

German Finance Minister Saw Libra's Rebranding Is "Wolf In Sheep's Clothing"

Mary Liu

Summary: According to Reuters, German Finance Minister Olaf Scholz said in a statement today that Libra is still a "wolf in sheep's clothing", even it rebranded to Diem to shake off the negative impression of regulators. The renaming is a formalism rather than a substantial change. ScholzLibra also emphasized the importance of monetary sovereignty, he said: "It ...

According to Reuters, German Finance Minister Olaf Scholz said in a statement today that Libra is still a "wolf in sheep's clothing", even it rebranded to Diem to shake off the negative impression of regulators. The renaming is a formalism rather than a substantial change.

ScholzLibra also emphasized the importance of monetary sovereignty, he said: "It is clear to me that Germany and Europe cannot and will not accept its entry into the market while the regulatory risks are not adequately addressed."

By Mary Liu

Last Update:

Tags: ,,,,,
Link: German Finance Minister Saw Libra's Rebranding Is "Wolf In Sheep's Clothing"   [Copy]
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 12 days ago
  • You need to login to comment.