Yesterday in a
speech at Cambridge University, the UK Financial Conduct Authority (FCA) ‘s Christopher Woolard spoke about
Libra and stablecoins. He said that Libra poses questions for the FCA, the Bank of England, and international partners.
“Moreover, its [Libra’s] size and scale will pose questions for society and government more generally about what is acceptable and desirable in this space,” said Woolard who is the FCA Executive Director of Strategy and Competition.
He continued: “Historically, this may have been a sector that has lived by the mantra of ‘move fast and break things’, but the issues raised here require deep thought and detail.”
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