After the decrease in value of pound and US Dollar, Mark Carney, who is governor in Bank of England says the next reserve could be digital.
Following a visit to Switzerland to meet with the financial watchdog, US regulators are still concerned for Facebook’s Libra cryptocurrency project.
The pound managed to strengthen slightly on Friday, but the EURGBP cross ended the week near six months highs
The Bank of England governor Mark Carney has revealed his opinions on Facebook's Libra coin at the financial stability press conference.
Over 30 advocacy groups put the Congress under pressure to halt Facebook Libra, with a request, which signatories sent to the bicameral legislature of the Federal government this week.
Fitch Ratings reviews Facebook GlobalCoin saying it can create price stability and can be used as a positive exchange tool.
The Governor of the Bank of England expressed his “open mind” on the potential utility of the Facebook Libra, alluding England examines Facebook crypto.