UK Central Bank to Clamp Down on Crypto Money Laundering
The head of the Bank of England has said that the institution will step up its efforts to combat cryptocurrency money laundering.
Mark Carney's recent statements about a new digital global currency has opened the door to fresh ideas built on blockchain, Michael J Casey writes.
BOE governor Mark Carney called on Friday for the creation of a wholly digital alternative to the U.S. dollar.
The ex-official pushed back at a suggestion from the chief of the Bank of England that a Libra-like crypto should replace USD in global markets.
Facebook's Libra cryptocurrency could be subject to the "highest standards" in global regulations, said Bank of England governor Mark Carney.
A group of central bank regulators and government ministers said Sunday that cryptocurrencies don't pose a risk to global financial stability.