Facebook’s Libra is spurring central banks’ interest in issuing cryptocurrency

Facebook’s Libra is spurring central banks’ interest in issuing cryptocurrency

The Bank for International Settlements (BIS) in Basel, Switzerland is the bank for global central bankers. It’s the stodgiest of stodgy institutions, in other words, and it’s been slow-moving when it comes to cryptocurrency. Now it appears to be picking up the pace, however, spurred by Facebook’s announcement this month that it plans to issue a digital currency called Libra.