Facebook’s Scale cryptocurrency would be able to increase the regulation of the vice-governor of the BoE

FILE PHOTO: A 3-D-printed with Facebook logo is seen on the representations of the virtual currency, Bitcoin, in this illustration photo June 18, 2019. REUTERS/dado Ruvic/Image/File Photo

BRUSSELS (Reuters) – the Planning of Facebook Inc, and the launch of a new global cryptocurrency, called Scale out, as well as the regulations of the Bank of England’s Deputy Governor, Sam Grove, said on Thursday.

“It’s clear that something like this could be very important from a regulatory point of view,” Woods told a financial conference in Brussels, adding that the regulators would have to consider the most appropriate treatment for this new category.

Reporting by Francesco Guarascio; Editing by Kevin Liffey; @fraguarascio

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