Bank of England Has an Open Mind on Facebook’s Libra Project

While regulators in the U.S. and around the world had mainly negative things to say about Facebook’s new Libra digital currency, the Governor of the Bank of England, Mark Carney, remains cautious but is taking an open minded approach; he does have some reservations on Libra saying that it must meet the highest standards of prudential regulation and consumer protection; he said on BBC Radio, “We’ll set the ground rules, and the system will follow the rules or it won’t work. Welcome to the world of finance. There are rules.” Source.

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