Central bank of France counts that Facebook social media cryptocurrency must have a license

Libra stablecoin must correspond KYC and AML rules along with a license to provide bank services. Central bank General Manager has announced this while l’Obs magazine interview.

According to Francois Villeroy de Galhau,popular Facebook  social media cryptocurrency appearance will help to promote transboardery financial transactions.On the other hand,because of anonymity,risks significantly rise.

In case Libra plans to escape the limits of payments and propose deposits and other bank services in all countries where their activity is going to be held. In other case, proposed services are going to be illegal.

1 year ago

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