Bank of England Governor Openly Questions Diem, Facebook's Stablecoin Project: What's Its Business Model?
Rhythm BlockBeats news, recently, when the Finance Committee panel answered questions from members of Parliament, the Governor of the Bank of England, Andrew Bailey (Andrew Bailey) publicly questioned the commercial value of Facebook’s stable currency project Diem (formerly Libra). model. Bailey said: "Obviously, there is a lot of reaction to the Diem project. But one of the problems is where is its business model? It is certainly not a central bank, but a channel for the private sector to obtain information."
It is understood that this is not the first time Bailey has poured cold water on Diem. In November last year, Bailey also said: "Private The bar for stablecoins is set high, and I don’t think Diem has hit that bar.” In addition, the Bank of England is expected to publish a discussion paper on a central bank CBDC in March.
Welcome to join the official BlockBeats community:
Telegram Subscription Group: https://t.me/theblockbeats
Telegram Discussion Group: https://t.me/BlockBeats_App
Official Twitter Account: https://twitter.com/BlockBeatsAsia
Related Articles
