Facebook-led Libra may not be approved, says European think tank official

Beatrice Weder di Mauro, president of the Centre for Economic Policy Research (CEPR), a European think tank, has said that Facebook-led stablecoin project, Libra, is unlikely to get approved.

“What libra has done is … it has shaken up the central banking community,” because a private sector-backed global digital currency has suddenly become a real possibility, Weder di Mauro told CNBC in an interview published Friday.