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Digital currencies such as Facebooks Libra will disrupt the financial system, either by forcing central banks to innovate or by grabbing a global role that could challenge the dominance of the dollar, ECB board member Benoit Coeure said on Tuesday.

Facebook's Libra currency abandoned by major financial companies

The latest exodus leaves the Libra Association without any remaining major payments companies as members.

12 Oct 2019 3:25 PM IST