The Bank of England appears to be adopting a more optimistic stance on Facebook’s controversial crypto initiative. Mark Carney, Governor of the Bank of England indicated that he would be willing to be ‘open minded’ over the social media corporation’s digital currency. Despite this, he says, the new project could face stringent regulatory oversight. The United Kingdom has long maintained a more cautions and restrictive approach towards the broader digital currency market. According to the Bank of England, although the Libra coin could penetrate the British market with greater ease, Facebook would still need to maintain high standards of operation