- The UK’s FCA were recently commenting on Facebook’s Libra project, stressing it is not going to be a fast process of consideration.
- There will be much thought and detail needed required from the FCA, as covered via Reuters.
The Financial Conduct Authority (FCA), executive director of strategy and competition Christopher Woolard, recently raised some points regarding Facebook’s new Libra project.
Mr Woolard said “Libra’s “size and scale will pose questions for society and government more generally about what is acceptable and desirable in this space,” according to Reuters.
He added:
Historically, this may have been a sector that has lived by the mantra of ‘move fast and break things,’ but the issues raised here require deep thought and detail.
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