Executive Director of the European Central Bank: Libra and other digital currency risks will be very high

On the evening of September 16th, Beijing time, Benoit Coeure, an executive board member of the European Central Bank (ECB), said today that some digital cryptocurrencies, including Facebook Libra, have not been tested. There are great risks and strict regulatory measures are needed. It states: “Stabilized coins have not been tested to a large extent, especially on the scale required to run a global payment system. Therefore, they may bring some serious risks related to public policy priorities, regulatory approvals. The threshold will be very high." (Sina Technology)