Facebook's fledging cryptocurrency will raise questions for both society an...
LONDON - Facebook’s fledging cryptocurrency will raise questions for both society and government that need close examination, a senior official at Britain’s financial watchdog said on Tuesday, in another sign that the planned project will face deep scrutiny.
Libra’s “size and scale will pose questions for society and government more generally about what is acceptable and desirable in this space,” Christopher Woolard, executive director of strategy and competition at the Financial Conduct Authority. The response of domestic and international financial regulators and monetary authorities to the Libra project will have a crucial impact on its prospects.
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