Regulators to question Facebook over new Libra cryptocurrency

September 15, 2019 at 01:54PM

BoE among 26 global banks due to meet with Libra amid fears over risk to state sovereignty

Global regulators will question Facebook on Monday about its Libra cryptocurrency amid concerns from EU governments over the threat the digital currency poses to financial stability, according to the Financial Times.

Officials from 26 central banks, including the US Federal Reserve and the Bank of England, will meet with representatives of Libra in Basel on Monday, the FT said, citing officials.

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