Facebook plans to launch a digital currency, which many regulators around the world fear may soon become systemically important because of its huge cross-border influence.
Like many other central bankers, Mr. Carney is uneasy about the plan, saying there are many issues that need to be addressed first, such as anti-money laundering and preventing terrorists from obtaining funds, and how to manage and keep Libra's assets.
"For payment systems of systemic importance, vigilance must be maintained at all times. There can be no problem at first, no loss of money, "Carney said.
"It's not something you can learn while doing. It has to be rock solid at the beginning or not," Carney said at a press conference.
Francois Villeroy de Galhau, president of the French central bank, said the more attention regulators paid to the project, the more serious questions they raised, "and may even have reservations."
"There is no doubt that this payment method will lead to a setback in all international progress in anti-money laundering," he told a Digital Sovereignty Committee.
France is using the rotating chairmanship of the Group of Seven (G7) to set up a working group to study how central banks can ensure that encrypted currencies such as Libra are regulated by a series of rules on money laundering and consumer protection.
ECB Executive Director Cole will present a preliminary report on the matter at the G7 Finance Ministers'Meeting next week.
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