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The Libra of Facebook may require a banking license



The Governor of the Bank of France, Francois Villeroy de Galhau, said that the Libra of Facebook must comply with the Anti-Money Laundering Regulation and apply for banking licenses when offering banking services, Reuters reports on June 25.

According to the report, Villeroy admitted During an interview with the French magazine l & # 39; obs there was room for improvement in cross-border money transfers. He also pointed out that the Facebook project libra must comply with applicable banking regulations as "risks are increased by the anonymity of balance users".

Villeroy also looked at possible requirements for a banking license:

"If the project is to go beyond payments and provide banking services such as deposits, then it must, like a bank with a banking license, operate in all countries where it operates. Otherwise, it would be illegal. "

As Reuters reported on June 25, Thomas Moser, deputy board member of the Swiss National Bank, said at the Crypto Valley conference in Zug that he was open to Facebook's Cryptocurrency project:

"Overall, I think that's an interesting development and I'm quite relaxed. […] They've clearly shown that they're willing to play by the rules, they've got in touch with the regulators."

The leader The Market and Payments Authority of the Bank of Italy reportedly stated that it wanted more information on the Libra project. [1

9659002] As Cointelegraph recently reported, French finance and finance minister intends to ask Facebook for guarantees on Libra, the upcoming digital currency. Maire also asked the governors of the G7 central banks to report on the guarantees that can be obtained from Facebook.

Yesterday, former US Treasury Secretary Donald Trump expressed his support for the Facebook Stablecoin Libra.


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