Luxembourg bankers take a wait-and-see attitude towards Libra

According to recent reports from foreign media, the Luxembourg Bankers Association (ABBL) has set up a team to study the impact of Facebook's new cryptocurrency Libra. The country's banks are looking at Libra from a pragmatic perspective, although they are also concerned about data protection, money laundering and financial stability risks. Marc Hemmerling, who is responsible for ABBL's digital banking, financial technology and payment services, said: "No matter what Facebook will ultimately offer, it is not the right attitude to deny it."