Money and private currencies: reflections on Libra

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Publication Date 02/09/2019
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Speech by Yves Mersch, Member of the Executive Board of the European Central Bank (ECB), at the ESCB Legal Conference on 2 September 2019.

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Mr Mersch addressed the audience focusing on three questions. First, how does Libra differ from other private currencies and from public money? Second, what legal and regulatory challenges does it pose? And third, in the light of its mandate, what position should a central bank like the ECB take towards Libra?

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