Europe
Big techs may disrupt European financial system, ECB warns
6 years agoSenior Deputy Governor of the Bank of Italy, Fabio Panetta is seen standing in a corridor of the Bank of Italy ahead of his appointment to the European Central Bank's executive committee, in Rome, Italy. September 26, 2019. REUTERS/Remo Casilli
Planned cryptocurrencies issued by global tech giants like Facebook might disrupt the European financial system, a European Central Bank board member warned Friday.