European Central Bank Executive Committee Cole: Libra's policy recommendations will be presented to the G7 Group by October

European Central Bank executive committee Cole said that the stabilization of currency initiatives (such as Libra) is destructive, and many other countries around the world expressed great concerns about Libra, including the United States. Libra is undoubtedly a wake-up call to remind central banks to work hard to improve existing payment systems. The global central banks will naturally unite to study the feasibility of the central bank's digital currency. Libra's policy recommendations are expected to be presented to the G7 Group by October.