Bank of England Governor Says Facebook’s Libra Crypto Will Be Scrutinized
Facebook's Libra cryptocurrency could be subject to the "highest standards" in global regulations, said Bank of England governor Mark Carney.
The working group will pool research into CBDCs.
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.
The outgoing governor of the Bank of England highlighted the potential risks to monetary governance if a central bank digital currency were to be launched in the U.K.
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.