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Libra's co-founder: 'There is a chance' the cryptocurency could present systemic risk: Tech

Wednesday, October 16, 2019

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WASHINGTON, DC - JULY 16: David Marcus, head of blockchain with Facebook Inc., speaks during a House Financial Services Committee hearing on July 16, 2019 in Washington, DC. (Photo by Sha Hanting/China News Service/Visual China Group via Getty Images)

Libra's co-founder: 'There is a chance' the cryptocurency could present systemic risk: The Facebook executive behind the Libra blockchain project says its developers are designing the cryptocurrency under the assumption that it could grow large enough to present risks to the economy.

“We should assume that there is a chance that this could have systemic risk and design it in a way that it cannot become a systemic risk,” David Marcus, the head of new Facebook subsidiary Calibra, told Yahoo Finance on Tuesday.

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