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Swiss central bank wary of Libra stablecoin impact

This content was published on Sep 5, 2019 ​​​​​​​ Speaking in Basel on Thursday, SNB chairman Thomas Jordan outlined the central bank’s thinking on digital currenciesExternal link. So-called stablecoins, which hold reserves of francs, dollars and other currencies in proportion to the amount of tokens issued, are much more likely to succeed as competition to traditional forms of payment, he said. This is…