Bank of England Governor says Libra must meet a high bar

The Bank of England’s governor, Mark Carney, has high standards for Facebook’s Libra. The bank head said the coin will need to be “rock solid” in order to get off the ground, according to a report from Bloomberg.

The BOE governor has said he and other officials are approaching Libra with an open mind, but it will be subject to a careful eye. At a press conference today he said the initiative creates a variety of questions, and consequently, the Group of Seven (G7) central bankers are looking further into Facebook’s proposal.

Original source

Add comment

Please Sign in to be able to leave comments.