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Bitcoinist
2019-11-08 11:10:14

Ex-PBoC Boss: Facebook’s Libra Will Work Better if it’s in IMF Custody

A former head of China’s central bank has come out to say that Facebook’s Libra would be better served under the control of the International Monetary Fund (IMF). Facebook’s proposed digital payment platform continues to draw criticism from financial regulators around the world. Libra Would Work Better Under IMF Custody Zhou Xiaochuan, former head of the People’s Bank of China (PBoC) says Libra has little chance of succeeding outside the control of mainstream financial institutions.Read MoreThe post Ex-PBoC Boss: Facebook’s Libra Will Work Better if it’s in IMF Custody appeared first on Bitcoinist.com.

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