Bitcoin
$ 53,587
Ethereum
$ 2,432.4
Litecoin
$ 259.81
okex ads

Bank of England Central Banks and The US Reserve to Meet With Libra

Officials from 26 central banks, including the U.S. Federal Reserve and the Bank of England, are meeting representatives of Libra, the Facebook-led stablecoin project.

Join the fastest growing network on Telegram

Benoît Coeuré, a member of the European Central Bank’s (ECB) Executive Board, will chair the meeting in Basel, Switzerland, the Financial Times reported Sunday. Coeuré has warned that “the bar for regulatory approval will be very high” for Libra to operate in the EU.

Libra representatives will specifically meet the Bank of International Settlements’ (BIS) Committee on Payments and Market Infrastructure, whose representatives are senior officials of 28 member central banks.

An official told the FT that Libra’s founders have been invited to answer key questions about the proposed stablecoin’s scope and design “with the findings feeding into a report for G7 finance ministers in October.”

European lawmakers are reportedly concerned that Libra will become popular in the EU where customers still face difficulties in making overseas payments.

“We welcome this engagement and have deliberately designed a long launch runway to have these conversations, educate stakeholders and incorporate their feedback in our design,” the Libra Association was quoted as saying in the FT report.

About the author

A Nice Man

Related Posts

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

SaaS Company, aXpire to Disrupt Enterprise Software Development Industry
April 22, 2021By
CELEBRATION OF AN ICON AND FINTECH STAKEHOLDER 
April 22, 2021By
Orion Protocol Introduces the First Aggregator Terminal for NFTs
April 21, 2021By

Advertisement

Video Posts

In
Opportunities In Blockchain and Crypto Space
April 21, 20210
In
Blockchain-Based Solution For Security And Scalability For Any Business
April 9, 20210

Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin53,587 1.40 % 3.33 % 14.68 %
Ethereum2,432.4 1.83 % 5.73 % 0.11 %
Binance Coin541.76 2.92 % 7.92 % 0.04 %
Tether0.9999 0.02 % 0.04 % 0.02 %
Polkadot43.88 0.58 % 0.43 % 36.39 %
Cardano1.190 2.49 % 6.53 % 18.33 %
XRP1.270 3.34 % 7.82 % 30.66 %
Uniswap36.78 2.66 % 14.94 % 1.96 %
Litecoin259.81 2.36 % 0.34 % 6.76 %
Chainlink36.02 2.72 % 3.79 % 12.68 %