Facebook’s Libra User Base Could Be ‘Enormous’

The deputy governor of Japan’s central bank predicts a large user base for Libra and warns Facebook to comply with money laundering and risk management regulations.

According to Bank of Japan Deputy Governor Masayoshi Amamiya, Libra could have a high user base in the future. Facebook has to act responsibly, complying with regulations in order to provide safe and secure payment services.

During a Reuters event, Amamiya urged central banks to remain vigilant about the impact of Libra on banking and settlement systems.. The Bank of Japan previously expressed its concerns about Facebook’s upcoming cryptocurrency.

Reference: https://www.ccn.com/business/bojs-amamiya-facebooks-libra-user-base-could-be-enormous/2019/07/05/

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Author: Neo Anderson

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