Former Monetary Policy Director of the Brazilian Central Bank: Libra will threaten the traditional financial system

According to Diariobitcoin, Aldo Luis Mendes, former head of monetary policy at the Brazilian central bank, said in an interview: "Cryptographic currencies are not currently proven to be a substitute for traditional currencies, but they have many risks." He stressed that the Facebook cryptocurrency project will It will attract people from all over the world to participate, which will pose a huge threat to the global traditional financial system.