Libra could cause central banks to lose control over monetary policy

Facebook libra

Central banks could lose the ability to adjust monetary policy should stablecoins, such as Libra, become popular methods of payment, according to new research from Sveriges Riksbank.

“A successful penetration” by a multinational digital currency would pose a fundamental challenge to the Swedish monetary system, a report from Sweden’s central bank says.

In June 2019, Facebook announced plans to launch its own crypto-asset – Libra – with its value linked to a basket of currencies. Were Libra to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: