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No 'Learning on the Job' For Libra Says Bank of England Governor

From cryptoglobe.com

Mark Carney, the governor of the Bank of England, warned on Thursday that Facebook and its partners in the Libra Association must be meticulous from the very start of their cryptoasset project. "This is not learning on the job stuff," the chief UK central banker said at a press conference on Thursday. "It's got to be rock solid from the start or it's not going to start." Financial Stability Carney warned that Libra could become a threat to financial stabilty - a label that he, and many other central bankers, have never before assigned to cryptocurrencies because of their relative obscurity as a means of exchange. ... (full story)

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  • Category: Fundamental Analysis