Bundesbank takes light-touch approach to Libra

- Central Banking Newsdesk
- 23 Jul 2019

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Governments should be “neutral” towards central bank digital currencies and ‘stablecoins’ such as Facebook’s Libra, says Germany’s central bank.

In a monthly bulletin released on June 22 called Crypto tokens in payment transactions and in securities settlement, the Deutsche Bundesbank outlines the costs and benefits of what it sees as the two major recent developments that can affect the role of central banks.

The central bank took a light-touch approach to digital currencies such as Libra

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