Facebook has only just revealed its far-reaching cryptocurrency plans, but Libra is already prompting global financial institutions to take action.
Central banks are reportedly becoming more interested in the idea of creating their own digital currencies following Facebook’s Libra reveal, as evidenced by new comments from the head of the Bank for International Settlements (BIS),
As the bank used by central bankers. BIS is, in the words of Quartz, among the “the stodgiest of stodgy institutions.” But BIS bank head Agustín Carstens now says central banks have to take digital currency much more seriously as a result of Facebook’s move. Read more…
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Facebook’s Libra hasn’t launched, but big banks are already taking notice
