Regulators prepare response to Facebook’s Libra

facebook-mobile-blue

Regulators are already drawing up plans for a response to Facebook’s proposed crypto asset, Libra, just a day after the project was officially unveiled.

In a sign authorities are treating the proposals as potentially more serious than earlier crypto-asset launches, Libra drew condemnation from a senior US lawmaker and prompted the Group of Seven to prepare a working group to consider possible actions on so-called stablecoins.

Libra was launched on June 18, and is slated to begin operations in

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: