Is Libra A Threat To The Swiss National Bank?
While discussing Facebook’s Libra, Swiss National Bank (SNB) chairman expressed his worries about the impact of stablecoins like Libra on the bank’s potential to handle its monetary policy. Libra is headquartered in Geneva and this reaction from Swiss authorities was predictable. Thomas Jordan, chairman of SNB’s governing board has expressed his concerns about digital currencies impeding the central bank’s capability to initiate and implement monetary policy. Speaking on the occasion of the 30th anniversary of the University of Basel’s Faculty of Business and Economics (WWZ), Jordan believes that a stablecoin pegged to the Swiss Franc would pose fewer risks. He…





