This is not the first time that ECB's Coeure expressed his concerns about Libra after he made similar comments yesterday.
This time the central banker said Libra has undoubtedly been a wake-up call for central banks to strengthen their efforts to improve existing payment systems.
He then added a natural step would be for global central banks to join forces and investigate the feasibility of a central bank digital currency.
Yesterday Coeure said that "Stablecoins are largely untested, especially on the scale required to run a global payment system"
It seems that the Libra project has rocked him to the core. These are comments that have been previously made by Bank of England Governor Mark Carney.
Carney seems to be more open to the idea of cryptocurrencies after he said that maybe one could dethrone the US Dollar as the world's reserve currency.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.