Central Banks to Meet With Libra Founders in Switzerland on Monday

Central Banks and Libra are meeting in Switzerland on Monday, and the meeting is likely to bring positive results for Facebook’s stablecoin venture.

Latest reports reveal that the European Central Bank (ECP)‘s officials and twenty-five global central banks will be meeting Libra for the assessment of financial stability risks of the Libra project. On 16th September, representatives of Libra would be meeting with Bank of International Settlements’ (BIS) part; Committee on Payments and Market Infrastructure (CPMI) in Switzerland.

CPMI is a BIS international rule setter along with being a member of the Financial Stability Board that comprises twenty-eight member banks, including Bank of England, Federal Reserve Bank of New York and Deutsche Bundesbank. Reportedly, the event would be the first significant meeting between the founders of Libra and the global policymakers since the revealing of Facebook’s plan of stablecoin project.
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