ECB Exec Rips ‘Cartel-Like’ Facebook Libra in Blistering Takedown – CCN Markets

Yves Mersch, a member of the European Central Bank’s executive board, warned of the dangers of the “cartel-like, “treacherous” Facebook Libra crypto. | Source: AFP PHOTO / DANIEL ROLAND A member of the European Central Bank’s executive board sounded the alarm on the “treacherous, cartel-like” Facebook Libra cryptocurrency. Yves Mersch issued a damning warning to not be fooled by Facebook‘s hollow promises of a decentralized ecosystem. Despite its noisy protestations, Mersh warns that the Facebook Libra network will be highly centralized. That’s the opposite of what cryptocurrencies like bitcoin brag…

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