Facebook is in talks with CFTC on plans to create its own digital currency


American company Facebook, which owns the eponymous largest social network in the world, is discussing plans to create its own digital currency with the Commodity Futures Trading Commission. Preliminary negotiations that are underway should clarify whether Facebook’s plans fall under the jurisdiction of the CFTC. The digital payment system of Facebook will enable its users to make purchases on its platform and send money to each other. They will be able to carry out these operations in Instagram and WhatsApp applications. The digital asset of Facebook will be called GlobalCoin. The American company seeks to get recommendations on the creation of its own digital currency and digital payment system. To this end, it turns to regulators and central banks. It had previously discussed this issue with Mark Carney, Governor of the Bank of England.

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