RATE Group | BI, FB open discourse on Libra cryptocurrency – Sat, August 3 2019
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BI, FB open discourse on Libra cryptocurrency – Sat, August 3 2019

03 Aug BI, FB open discourse on Libra cryptocurrency – Sat, August 3 2019

Posted at 04:13h in Cryptocurrency News by

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Bank Indonesia (BI) sat down with several Facebook executives last week to allow the tech giant to explain its Libra cryptocurrency, as the central bank has a ban in place on using cryptocurrencies to make payments.Facebook was not looking to obtain an operating permit in the near future for the Libra cryptocurrency project, BI director for payment systems policy Erwin Haryono said at a blockchain summit in Jakarta on Monday.“We wanted to know what exactly they were making,” Erwin said. “As of now, they couldn’t say for sure if they would operate in Indonesia.”The Libra cryptocurrency started making global headlines last month as it raised questions on data security, money laundering and consumer protection from policymakers across the world.Indonesia, an important market for Facebook as the social media platform’s fourth-largest market with 130 million users, might be on the…

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