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Facebook's Libra could be illegal, French central bank governor says

( September 17, 2019, 15:57 GMT | Official Statement) -- MLex Summary: Facebook's cryptocurrency initiative Libra will be illegal if it seeks to offer deposits, investments, or credit without seeking a banking license in each country of operation, French central bank governor François Villeroy de Galhau said in a speech today. Instead, the governor floated an alternative plan to bring down international payment charges through a pan-European instant payment settlement system using the European Central Bank infrastructure known as TIPS.Speech attached....

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