Should Brussels back its own cryptocurrency?
Date Time:2019-12-10

Will the European Central Bank support a new digital currency?

A public cryptocurrency would represent an alternative to Facebook's controversial Libra. It could offer some key advantages such as the reduction of costs for international transactions.

Senior officials are talking it up. Though they stress it's not a short-term project.

"The fact that it is for the long term does not prevent us from working and having results next year," France's finance minister Bruno Le Maire said on Friday.