Central banks ask to supervise pound first

Facebook presented this week Libra, its cryptocurrency, officially. The social network hopes to launch it on the market in early 2020, as they said this week. Although it will take time to launch, central banks in countries like Germany and the United Kingdom are already concerned about the currency. Therefore, they ask that it be investigated before launching it on the market.

Central banks ask to supervise Libra first

It is clear that the currency generates suspicion in the market. So they want to be well prepared and avoid possible problems ahead of their launch.

Ongoing research

Many countries have already made statements about Libra. In all cases, maximum security is requested before launching it. It is what everyone has said, it has to be safe, otherwise there will be no launch. Therefore, there are a series of investigations in progress or planned, in order to give the go-ahead to this cryptocurrency. If not, your launch could have many problems.

Money laundering is one of the most worrying aspects. It is thought that with a platform like this it would be much easier to be able to carry out illegal operations. We do not know if they want to introduce measures in this regard for now. But the maximum concern is this.

It will be necessary to see what these investigations towards Libra reveal. Central banks have their doubts about this currency, something understandable. So we will see if they change their minds with their research or with its arrival on the market.

Reuters Source