LONDON, - The Bank of England set out the rules of engagement that Facebook’s Libra crypto-currency and other new digital payments providers would have to meet before they can open for business in Britain.
The principles include a requirement for the entire payment chain to show its operational and financial resilience, and provide enough information for regulators monitor payments. The European Union on Tuesday said it will propose a new law to cover crypto-asset projects like Libra, saying they posed a risk to the wider financial system.
High-profile fund manager Neil Woodford had to suspend his flagship fund in June, trapping thousands of investors. The fund offered daily redemptions to customers but it ran out of cash because some of the assets could not be quickly sold.
ہم نے اس خبر کا خلاصہ کیا ہے تاکہ آپ اسے جلدی سے پڑھ سکیں۔ اگر آپ خبر میں دلچسپی رکھتے ہیں تو آپ مکمل متن یہاں پڑھ سکتے ہیں۔ مزید پڑھ:
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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