Bank of England: cryptocurrency from Facebook will require strict regulation

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Bank Of England Governor mark Carney commented on Facebook’s initiative to launch the Libra cryptocurrency, saying that it should meet the “highest standards” in the world regulation. It is reported by CoinDesk.

He noted that the Central Bank of the United Kingdom intends to “very carefully” study the Libra cryptocurrency together with various regulators, including the G7 countries, the Bank for international settlements, the international monetary Fund, as well as the financial stability Board.

In doing so, Carney remains “open-minded” about Libra and the technology that can facilitate cross-border remittances.

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