FIRST AIRED: June 25, 2019

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00:00:00
Facebook see crypto currency libra isn't getting many likes from Europe's central banks and regulates as many what the tech giant to give more details about the project Britain's top financial regulator said that isn't yet enough info to understand the libra hundred Bailey chief executive the financial conduct authority also said face but wouldn't get the go ahead for the currency without further disclosures , last week Facebook announced plans to launch lever and early twenty twenty could the currencies lie bit coin a still one of the least regulated areas of finance and so the response of regulators to libra could have a crucial impact on his prospects US lawmakers also have privacy concerns about the project and European central bankers want oversight to make sure Lieber doesn't hurt the financial system and isn't used to launder money the bank of Italy joined Britain as a call for more information on the bank of fronts so Lieber would have to respect anti money laundering regulations , Facebook has twenty eight partners with the likes of MasterCard PayPal and all on board on the project they also had at least some support from Europe Thomas modes of the Swiss National Bank said he's pretty relaxed about the crypto currency as he believes the US firm showing they will play by the rules because they've contacted regulators