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European MP: We Must Not Let Zuckerberg Become a Central Bank
Summary: Dr Stefan Berger, a European People's Party Member of the European Parliament (MEP) said, “We must not let [Mark] Zuckerberg become a Central Bank”. With Facebook’s Diem project opening a path for other Big Tech firms to establish their own cryptocurrencies and stablecoins, European Parliament legislators are attempting to give the European Central Bank (ECB) ...
Dr Stefan Berger, a European People's Party Member of the European Parliament (MEP) said, “We must not let [Mark] Zuckerberg become a Central Bank”. With Facebook’s Diem project opening a path for other Big Tech firms to establish their own cryptocurrencies and stablecoins, European Parliament legislators are attempting to give the European Central Bank (ECB) more regulatory power.
“Facebook has more than 2 billion users,” said Dr Berger. “By introducing their own currency, it could gain the power of a Central Bank overnight. Currencies, however, do not belong in the hands of a private company. At the end of the day, we must not let Zuckerberg become a Central Bank.”
By Amy Liu
Tags: European,MP,Stablecoins,zuckerberg
Link: European MP: We Must Not Let Zuckerberg Become a Central Bank [Copy]
