Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Facebook's Libra cryptocurrency could raise regulatory issues: BoE deputy governor

FILE PHOTO: A 3-D printed Facebook logo is seen on representations of the Bitcoin virtual currency in this illustration picture, June 18, 2019. REUTERS/Dado Ruvic/Illustration/File Photo

BRUSSELS (Reuters) - Plans by Facebook Inc to launch a new global cryptocurrency called Libra could raise regulatory issues, Bank of England Deputy Governor Sam Woods said on Thursday.

"It does seem clear that something like this could be very important from a regulatory point of view," Woods told a financial conference in Brussels, adding that regulators might have to think about the best treatment for this new asset class.

(Reporting by Francesco Guarascio; Editing by Kevin Liffey; @fraguarascio)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.