Unruly social media no model for Facebook's Libra currency - BoE's Carney

By David Milliken and Huw Jones on Jun 24, 2019 6:59AM

Cannot expect unregulated free-for-all says Bank of England Governor.

Facebook cannot expect its new Libra currency to benefit from the same unregulated free-for-all that helped the company achieve a dominant position in social media, Bank of England Governor Mark Carney said on Thursday. The US social media company drew worldwide interest earlier this week when ...

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