The Mother of Central Banks Sounds the Alarm on Facebook’s Cryptocurrency Libra

2019-6-24 16:18

The Bank for International Settlements (BIS), an institution owned by the world’s central banks, has issued a stark warning about the likes of Facebook, Alibaba, and Google disrupting the established financial system.

In its annual economic report, titled Big Tech in Finance: Opportunities and Risks, the BIS – commonly seen as the central bank of central banks – specifically cites Facebook’s new Libra cryptocurrency as a threat to existing payment services. “Given their size and customer reach, big techs’ entry into finance has the potential to spark rapid change in the industry. ” Facebook, Alibaba, and cryptocurrency to disrupt finance Facebook

The post The Mother of Central Banks Sounds the Alarm on Facebook’s Cryptocurrency Libra appeared first on CCN Markets

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Источник: ccn.com

facebook central → Результатов: 28


Facebook’s Libra finds itself in the crosshairs of the Central Bank of Central Banks

It’s been a week since Facebook’s entry into the cryptocurrency and payments world was announced. Since then, a lot has happened. From the Libra lead, David Marcus, talking about shared internal governance control over the cryptocurrency, to the regulatory uncertainty the crypto may face with politicians around the world taking a shot at the it, […] The post Facebook’s Libra finds itself in the crosshairs of the Central Bank of Central Banks appeared first on AMBCrypto.

2019-6-24 09:55


Fed Chair Jerome Powell Talks About Facebook’s Crypto Project During A Press Conference

Jerome Powell said the monetary policy shouldn’t be affected by Cryptocurrencies Libra will be strictly regulated by agencies and governments all around the world The Chairman of the Federal Reserve of the United States Jerome Powell talked with the reporters about Facebook’s recently launched Libra. As reported by The Block, the central bank of the […]

2019-6-20 03:54


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