Financial Services Financial Services

Libra prompts central banks to examine global payment costs, BIS study finds

By Jack Schickler
  • 01 Mar 2020 11:30
  • 28 Feb 2020 11:51

Facebook's proposed digital currency, Libra, poses such a disruptive threat that it is causing regulators to consider how they can cut costs in the cross-border payments market, according to a new study from the Bank for International Settlements, or BIS. 

< The changes could require a rethink of issues from opening hours

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