ECB’s Yves Mersch Warns Libra Cryptocurrency Is ‘Facebook’s Siren Call’

European Central Bank key legal official Yves Mersch said that Facebook’s Libra stablecoin is “beguiling but treacherous.” Yves Mersch, European Central Bank’s key legal official, said that Facebook’s Libra stablecoin is “beguiling but treacherous” during a speech at the ECB’s legal conference in Frankfurt on Monday. Bloomberg reported on Mersch’s remarks in an article published […]

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‘Buy Bitcoin’ Says Expert as Argentina Imposes $10K Limit for Citizens

Individuals can now only exchange up to $10,000 worth of pesos as the currency continues to crumble. Argentina has reimposed capital controls, limiting citizens’ and businesses’ freedom to buy foreign currency. As Bloomberg reported on Sep. 1, the increasingly troubled South American nation took the step as the Argentine peso (ARS) suffers overwhelming losses against […]

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