Facebook faced the grilling of 26 central bank representatives over its Libra currency plan on Monday; Libra is a virtual currency considered a threat to monetary sovereignty.

Facebook executives representing were questioned by the Bank for International Settlements' powerful Committee on Payments and Market Infrastructure comprising central bank chiefs from the world's biggest economies.

The central bankers included European Central Bank (ECB) executive board member Benoit Coeure.


This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now