BOE Head Carney: FinTech Won’t Make Central Banks Obsolete
PYMNTS
OCTOBER 16, 2019
The governor of the Bank of England said he doesn’t think new financial technologies (FinTechs) will cause central banks to be obsolete. Carney said he is open to Facebook’s Libra cryptocurrency, unlike officials in France and Germany , who have outright said they don’t want it to happen.
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