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Bundesbank Pro Libra

Sofia Cabrera

Summary: Jens Weidmann, president of Bundesbank, debated that regulators should not stifle innovative concepts such as Libra when they are only in the beginning stages.  Weidmann is a supporter of the Libra project and argues that Libra and other cryptocurrencies will appeal to the public if companies follow through with their promises.  Burkhard Balz, a representative ...

Jens Weidmann, president of Bundesbank, debated that regulators should not stifle innovative concepts such as Libra when they are only in the beginning stages.  Weidmann is a supporter of the Libra project and argues that Libra and other cryptocurrencies will appeal to the public if companies follow through with their promises.  Burkhard Balz, a representative for Bundesbank, does not believe that cryptocurrency poses a threat to the financial stability of any country. 

Author: Sofia Cabrera

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