Beware of robber banks (RB), bad advisors. ![](https://resources.faireconomy.media/images/emojis/64/1f609.png?v=15.1)
![](https://resources.faireconomy.media/images/emojis/64/1f609.png?v=15.1)
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A digital currency backed by the European Central Bank could be necessary if payments within Europe remain too expensive, a confidential ECB document said, adding that its possible adoption could be accelerated by signs of lower cash usage. Plans for a European public cryptocurrency have begun emerging after social media giant Facebook announced in June its blueprint for Libra, a private digital currency, which spooked regulators who have since raised concerns and said Facebook’s project could be banned. Facebook’s move highlighted the fragmented payment landscape in the European Union, where U.S. card firms ... (full story)