Bank of England Governor: Central Bank will need to consider Libra's impact on financial and monetary stability

Bank of England Governor Mark Carney said today that given the influence of social media giant Facebook, Libra is likely to become an important part of the global financial system and therefore needs to be reviewed by regulators and central banks. Carney said that Facebook and its partners need to meet regulators in anti-money laundering and data protection, and the central bank will need to consider Libra's impact on financial and monetary stability, all of which must be completed before the payment system is officially launched.