France has called upon the creation of the G7 task force to monitor how central banks' control over cryptos like Facebook’s Libra is conducted in terms of the money-laundering policy, Reuters reports.
Governor of the Bank of France, Francois Villeroy de Galhau, noted that the task force would be led by Benoit Coeure, a European Central Bank board member.
Earlier this week, Facebook presented its own cryptocurrency called Libra as a part of the expansion of its digital asset all over the world.
At press time, project Libra has 28 partners, including Mastercard/VISA, Uber, PayPal and many more.
Villeroy claims the main idea is to combine being open to innovation with firmness on regulation.
"This is in everyone’s interest," Villeroy added.