The Bank of Englands (BoE) Financial Policy Committee (FPC) has laid down a set of rules that Facebooks Libra and other cryptocurrencies must follow if they are to be launched in Britain. While some question if Facebooks cryptocurrency Libra will ever launch, the BoEs FPC did recognize its potential to becoming an important payment system, City AM reports. These kinds of payment systems would need to demonstrate the systems security and also undergo regulatory supervision, the FPC added. In short, the rules of engagement as the BoE calls them, are nothing out of the ordinary. But it certainly demonstrates that… This story continues at The Next Web

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