ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Interview

'We cannot sacrifice safety' for Libra: ECB's Villeroy

French central banker says Facebook must play by the rules with digital currency

European Central Bank policymaker Francois Villeroy de Galhau takes a cautious view of Libra. (Source photos by Reuters)

TOKYO -- Facebook's cryptocurrency project Libra must comply with the "highest standards for banking and financial regulation," European Central Bank policymaker Francois Villeroy de Galhau stressed in a recent interview.

The governor of France's central bank made it clear that Mark Zuckerberg, founder and CEO of the social media giant, will have to convince major economies and financial institutions that the proposed digital currency is safe -- rather than a threat to stability as some have warned.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more