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ECB's Viller Wants Facebook To Comply With Highest Standards For Banking And Financial Regulation

Janelle Fox

Summary: Francois Villeroy de Galhau, the European Central Bank policymaker, asserted that Facebook’s Libra must abide by the highest standards of banking and financial regulation. Villeroy when discussing the future did say that he is open to innovation and knows that cryptocurrency can "bring many opportunities to customers and the economy." However, Viller will not “sacrifice ...

Francois Villeroy de Galhau, the European Central Bank policymaker, asserted that Facebook’s Libra must abide by the highest standards of banking and financial regulation.

Villeroy when discussing the future did say that he is open to innovation and knows that cryptocurrency can "bring many opportunities to customers and the economy." However, Viller will not “sacrifice safety and confidence on behalf of innovation."

By Janelle Fox

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Link: ECB's Viller Wants Facebook To Comply With Highest Standards For Banking And Financial Regulation   [Copy]
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