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BIS -Reflections on Libra

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Speech by Mr Yves Mersch

Member of the Executive Board of the European Central Bank

at the the ESCB Legal Conference

Frankfurt am Main

2 September 2019


I do not have the time right now to read it all as I am preparing for the fitness but I read it is "cartel-like", concerning and all

Although its aim is legitimate to reduce x-border costs,

the ECB launched TIPS a 24/7 instant payment embedded in TARGET2.

The ECB values their own product as being safer and an overall better option

"safer and more economical than questionable".


BIS webpage of the speach



Speach in pdf


Edited by JannaOneTrick

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