BANK OF ENGLAND SETS OUT RULES OF ENGAGEMENT FOR FACEBOOK'S LIBRA

BANK OF ENGLAND SETS OUT RULES OF ENGAGEMENT FOR FACEBOOK'S LIBRA

THE BANK OF ENGLAND SET OUT THE RULES OF ENGAGEMENT THAT FACEBOOK'S LIBRA C...

Unlike the EU, the Bank of England's FPC said that for now, it will apply its principles by applying existing supervisory "tools", rather than resorting to new rules.
The European Union on Tuesday said it will propose a new law to cover crypto-asset projects like Libra, saying they posed a risk to the wider financial system.

LONDON, (Reuters) - The Bank of England set out the rules of engagement that Facebook’s Libra crypto-currency and other new digital payments providers would have to meet before they can open for business in Britain. The...

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