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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The rise of digital currencies such as Facebook’s (FB.O) Libra could lead to a drying up of credit flowing into the broader economy, Bank of England Deputy Governor Jon Cunliffe said on Friday. Central banks are grappling with the implications of crypto-currencies for their economies, and the BoE has previously warned that risks from Libra and other new forms of payment must be considered carefully before they can get a green light. Cunliffe said it was possible that so-called stablecoins linked to big technology and social media platforms could lead to people moving much or all of their money away from bank ... (full story)