Carney stated he had an "open mind" regarding Facebook's digital currency, Libra, but emphasized it would not have an “open door” to launch without meeting stringent regulatory standards. Speaking at a conference in Portugal, Carney highlighted that if Libra attracted significant users, it would become “systemic” and thus subject to the highest levels of regulation. He underscored that the Bank of England, along with other international bodies like the G7 and IMF, would closely scrutinize Libra’s impact on financial stability, focusing on areas such as cyber resilience, anti-money laundering, data privacy, and ensuring an open platform for competition.