UK watchdog wants more detail on Facebook's Libra coin plan
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LONDON (Reuters) - There was "insufficient" detail to understand Facebook's plans to expand into payments and launch its own Libra coin, Britain's Financial Conduct Authority (FCA) said on Tuesday.Facebook has the potential to be very significant for public policy and therefore the social media giant needs to provide more detail, the market watchdog's chief executive, Andrew Bailey said. "They are not going to walk through authorisation without that," Bailey told the UK parliament's Treasury..