Bank of England Has an Open Mind on Facebook’s Libra Project

While regulators in the U.S. and around the world had mainly negative things to say about Facebook’s new Libra digital currency, the Governor of the Bank of England, Mark Carney, remains cautious but is taking an open minded approach; he does have some reservations on Libra saying that it must meet the highest standards of prudential regulation and consumer protection; he said on BBC Radio, “We’ll set the ground rules, and the system will follow the rules or it won’t work. Welcome to the world of finance. There are rules.” Source.

Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech.

LendIt Fintech conducts three conferences a year for the leading fintech markets of the USA, Europe, and Latin America. LendIt also provides cutting-edge content all year long via audio, video, and written channels.

Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.

Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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