France will set up a G7 taskforce on “stable coin” projects, including Facebook’s planned Libra cryptocurrency, that will be led by European Central Bank board member Benoit Coeure, France’s central bank Governor Francois Villeroy de Galhau said on Friday, reports Trend referring to Reuters
France currently holds the G7 presidency.
As Villeroy spoke, Bank of England Governor Mark Carney said Libra had to be safe or it would not happen, and that the world’s major central banks would need to have oversight.