Bank of England Governor Says Facebook’s Libra Crypto Will Be Scrutinized

Major central banks and regulators will want oversight of Facebook's proposed new currency and payment system, Libra, to ensure it is safe and does not allow money laundering or finance terrorism, Bank of England Governor Mark Carney said......»»

Facebook's Libra cryptocurrency could be subject to the "highest standards" in global regulations, said Bank of England governor Mark Carney......»»

Bank of England governor Mark Carney has said he is keeping an 'open mind' on the potential utility of Facebook's planned cryptocurrency, but warned it may face strict regulation if it takes off......»»

"I'm skeptical about crypto-assets, frankly, because they're dangerous and there's huge e.....»»

The Bank of Canada does not see the need to create a central bank digital currency unless a competitor – like Libra – starts dethroning the existing fiat......»»

The central bank has finalized principles the Facebook-led cryptocurrency project must adopt before a U.K. launch......»»

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 governor of the Bank of Japan has called for global cooperation in regulating stablecoins like the Facebook-led Libra......»»

The Monetary Authority of Singapore reportedly has concerns over Facebook's recently unveiled cryptocurrency project, Libra......»»

Cryptocurrencies "have no intrinsic value," Bank of England governor And.....»»

Cryptocurrencies "have no in.....»»

"We regard bitcoin and stablecoin as crypto assets ...These are investment alternatives," Li Bo, deputy governor of China's central bank, told CNBC. A small toy figurine .....»»

Another financial crisis, this time sparked by rising corporate and sovereign debt, is a risk, said former Bank of England Governor Mervyn King......»»

Just a few weeks into the new job, Bank of England Governor Andrew Bailey has warned against re-opening the U.K. economy too soon as the country remains in the grips of a coronavirus pandemic. "If we had a lifting and then [lockdown] came .....»»

Bank of England Governor Andrew Bailey told Britain's banks to speed up lending to companies as the coronavirus crisis threatens to deliver a historic blow to the economy, urging them to "put their back into it and get on with it"......»»

Bank of England Governor Andrew Bailey called on Britain's banks to speed up the pace of getting state-backed loans to companies that are struggling to survive the coronavirus crisis, saying they must "put their back into it and get on with it.".....»»

Facebook is getting into the crypto business. Its digital currency called Libra is scheduled to launch in summer 2020. But the project has raised a lot of concerns......»»

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......»»

There is no reason why the coronavirus outbreak should damage Britain's economy as badly as the financial crisis did in 2008, Bank of England Governor Mark Carney said on Wednesday......»»

Governor Mark Carney said on Wednesday the Bank of England was coordinating with Britain's finance minister to ensure its surprise interest rate cut and other measures announced on Wednesday would have maximum impact......»»