An Interest In:
Web News this Week
- April 26, 2024
- April 25, 2024
- April 24, 2024
- April 23, 2024
- April 22, 2024
- April 21, 2024
- April 20, 2024
June 18, 2019 08:05 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/ZNi_INm78MY/facebook-token-runs-into-instant-political-opposition-in-europe
Facebook Token Runs Into Instant Political Opposition in Europe
Hours after Facebook unveiled its cryptocurrency project today, European officials have called for scrutiny of the plan, raising concerns over whether the project was sufficiently regulated. From a report: French Finance Minister Bruno Le Maire said the digital currency known as Libra shouldn't be seen as a replacement for traditional currencies. "It is out of question" that Libra "become a sovereign currency," Le Maire said in an interview on Europe 1 radio. "It can't and it must not happen." Le Maire called on the Group of Seven central bank governors, guardians of the global monetary system, to prepare a report on Facebook's project for their July meeting. His concerns include privacy, money laundering and terrorism finance. Libra was also a talking point at the European Central Bank's annual symposium in Sintra, Portugal, where Bank of England Governor Mark Carney referenced Libra. "Anything that works in this world will become instantly systemic and will have to be subject to the highest standards off regulation," he said.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/ZNi_INm78MY/facebook-token-runs-into-instant-political-opposition-in-europe
Share this article:
Tweet
View Full Article
Slashdot
Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..More About this Source Visit Slashdot