Bank of England sets guidelines for Facebook Libra

On the 10.09.19 at 3:43PM


Tuba Raqshan

Bank of England’s Financial Policy Committee (FPC) stated that the Libra project must meet the highest standards of resilience and be subject to appropriate supervisory oversight.

The FPC, which published its Financial Policy Summary on October 9, stated that Libra has the potential to become a systematically important payment system.

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