PARIS (Reuters) – Facebook’s planned global ‘Libra’ cryptocurrency must respect anti-money laundering regulations and it must seek banking licenses if it offers banking services, France’s central bank chief said in a magazine interview.
Facebook Inc announced plans last week to introduce a new global cryptocurrency called Libra as part of an effort to expand into digital payments.
Bank - France - Governor - Francois - Villeroy
Bank of France Governor Francois Villeroy de Galhau said that while there was room to improve cross-border money transfers, Libra had to follow anti-money laundering rules.
“The risks are increased by the anonymity that Libra users would have,” Villeroy said in an interview with French weekly magazine...
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