{"id":124567,"date":"2019-06-25T18:40:36","date_gmt":"2019-06-25T18:40:36","guid":{"rendered":"https:\/\/www.bnreport.com\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\/"},"modified":"2019-06-25T18:40:36","modified_gmt":"2019-06-25T18:40:36","slug":"regulators-place-heightened-check-on-facebooks-libra-cryptocurrency","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\/","title":{"rendered":"Regulators place heightened check on Facebooks libra cryptocurrency"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.cityam.com\/wp-content\/uploads\/2019\/06\/CalibraApp_EarlyLook_EN@2x-960x540.png\" \/><\/p>\n<p>Authorities in the UK and worldwide have ramped up calls for increased scrutiny on new digital currencies and financial disruption, in the wake of Facebook attempting to enter the space.<\/p>\n<p>G20 regulatory group the Financial Stability Board (FSB) said today the trend set by Facebooks libra coin will cause regulators to take a deeper look at fintech and the risks it could pose.<\/p>\n<p>\u201cA wider use of new types of cryptoassets for retail payment purposes would warrant close scrutiny by authorities to ensure that they are subject to high standards of regulation,\u201d said FSB chair Randel Quarles.<\/p>\n<p>\u201cThe FSB and standard setting bodies will monitor risks very closely and in a coordinated fashion, and consider additional multilateral responses as needed.\u201d<\/p>\n<p>His comments echoed those of Financial Conduct Authority (FCA) chief Andrew Bailey, who told the Treasury Committee yesterday that Facebook \u201cwill not walk through authorisation\u201d without deep engagement with regulators.<\/p>\n<p>He added Facebook and the FCA had already entered discussions on the matter.<\/p>\n<p>\u201cWe have already engaged with Facebook and there will be many more engagements. We are waiting to see how the responsibility will divide between Facebook and the other organisation,\u201d he said.<\/p>\n<p>Facebooks libra coin will be backed by a basket of currencies and treasuries from \u201cstable\u201d economies, and managed by an independent association in Geneva.<\/p>\n<p>The initiative has faced a great deal of scrutiny, particularly in t<a href=\"https:\/\/www.cityam.com\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\" rel=\"noreferrer noopener\" target=\"_blank\"><strong>Read More \u2013 Source<\/strong><\/a><br \/>\n[contf]<br \/>\n[contfnew]<br \/>\n        <img decoding=\"async\" src=\"https:\/\/loopup.com\/app\/uploads\/2016\/08\/cityam-logo.jpeg\" \/><\/p>\n<h5><a href=\"http:\/\/www.cityam.com\/\" rel=\"noreferrer noopener\" target=\"_blank\">CityAM<\/a><\/h5>\n<p>[contfnewc]<br \/>\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Authorities in the UK and worldwide have ramped up calls for increased scrutiny on new digital curre..<\/p>\n","protected":false},"author":1,"featured_media":124570,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-124567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Regulators place heightened check on Facebooks libra cryptocurrency - Business News Report<\/title>\n<meta name=\"description\" content=\"Authorities in the UK and worldwide have ramped up calls for increased scrutiny on new digital curre..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Regulators place heightened check on Facebooks libra cryptocurrency - Business News Report\" \/>\n<meta property=\"og:description\" content=\"Authorities in the UK and worldwide have ramped up calls for increased scrutiny on new digital curre..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bnreport.com\/en\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\/\" \/>\n<meta property=\"og:site_name\" content=\"Business News Report\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-25T18:40:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bnreport.com\/wp-content\/uploads\/2019\/06\/CalibraApp_EarlyLook_EN@2x-360x160-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"360\" \/>\n\t<meta property=\"og:image:height\" content=\"160\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"infopal11\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BNReport\" \/>\n<meta name=\"twitter:site\" content=\"@BNReport\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"infopal11\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\\\/\"},\"author\":{\"name\":\"infopal11\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\"},\"headline\":\"Regulators place heightened check on Facebooks libra cryptocurrency\",\"datePublished\":\"2019-06-25T18:40:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\\\/\"},\"wordCount\":246,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/CalibraApp_EarlyLook_EN@2x-360x160-1.png\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\\\/\",\"name\":\"Regulators place heightened check on Facebooks libra cryptocurrency - Business News Report\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/CalibraApp_EarlyLook_EN@2x-360x160-1.png\",\"datePublished\":\"2019-06-25T18:40:36+00:00\",\"description\":\"Authorities in the UK and worldwide have ramped up calls for increased scrutiny on new digital curre..\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/CalibraApp_EarlyLook_EN@2x-360x160-1.png\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/CalibraApp_EarlyLook_EN@2x-360x160-1.png\",\"width\":360,\"height\":160},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629\",\"item\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Regulators place heightened check on Facebooks libra cryptocurrency\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"name\":\"Business News Report\",\"description\":\"Latest News on the World of Politics &amp; Business\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\",\"name\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"width\":200,\"height\":50,\"caption\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Business-NewsReport-328225811095934\\\/\",\"https:\\\/\\\/x.com\\\/BNReport\",\"https:\\\/\\\/www.instagram.com\\\/business.newsreport\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\",\"name\":\"infopal11\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/author\\\/infopal11\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Regulators place heightened check on Facebooks libra cryptocurrency - Business News Report","description":"Authorities in the UK and worldwide have ramped up calls for increased scrutiny on new digital curre..","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bnreport.com\/en\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\/","og_locale":"en_US","og_type":"article","og_title":"Regulators place heightened check on Facebooks libra cryptocurrency - Business News Report","og_description":"Authorities in the UK and worldwide have ramped up calls for increased scrutiny on new digital curre..","og_url":"https:\/\/www.bnreport.com\/en\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\/","og_site_name":"Business News Report","article_publisher":"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","article_published_time":"2019-06-25T18:40:36+00:00","og_image":[{"width":360,"height":160,"url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2019\/06\/CalibraApp_EarlyLook_EN@2x-360x160-1.png","type":"image\/png"}],"author":"infopal11","twitter_card":"summary_large_image","twitter_creator":"@BNReport","twitter_site":"@BNReport","twitter_misc":{"Written by":"infopal11","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bnreport.com\/en\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\/#article","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\/"},"author":{"name":"infopal11","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f"},"headline":"Regulators place heightened check on Facebooks libra cryptocurrency","datePublished":"2019-06-25T18:40:36+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\/"},"wordCount":246,"publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2019\/06\/CalibraApp_EarlyLook_EN@2x-360x160-1.png","articleSection":["Business"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.bnreport.com\/en\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\/","url":"https:\/\/www.bnreport.com\/en\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\/","name":"Regulators place heightened check on Facebooks libra cryptocurrency - Business News Report","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\/#primaryimage"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2019\/06\/CalibraApp_EarlyLook_EN@2x-360x160-1.png","datePublished":"2019-06-25T18:40:36+00:00","description":"Authorities in the UK and worldwide have ramped up calls for increased scrutiny on new digital curre..","breadcrumb":{"@id":"https:\/\/www.bnreport.com\/en\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bnreport.com\/en\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\/#primaryimage","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2019\/06\/CalibraApp_EarlyLook_EN@2x-360x160-1.png","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2019\/06\/CalibraApp_EarlyLook_EN@2x-360x160-1.png","width":360,"height":160},{"@type":"BreadcrumbList","@id":"https:\/\/www.bnreport.com\/en\/regulators-place-heightened-check-on-facebooks-libra-cryptocurrency\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629","item":"https:\/\/www.bnreport.com\/en\/"},{"@type":"ListItem","position":2,"name":"Regulators place heightened check on Facebooks libra cryptocurrency"}]},{"@type":"WebSite","@id":"https:\/\/www.bnreport.com\/en\/#website","url":"https:\/\/www.bnreport.com\/en\/","name":"Business News Report","description":"Latest News on the World of Politics &amp; Business","publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bnreport.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.bnreport.com\/en\/#organization","name":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a","url":"https:\/\/www.bnreport.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","width":200,"height":50,"caption":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","https:\/\/x.com\/BNReport","https:\/\/www.instagram.com\/business.newsreport"]},{"@type":"Person","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f","name":"infopal11","url":"https:\/\/www.bnreport.com\/en\/author\/infopal11\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/124567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/comments?post=124567"}],"version-history":[{"count":0,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/124567\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media\/124570"}],"wp:attachment":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media?parent=124567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/categories?post=124567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/tags?post=124567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}