Wednesday July 15, 2020

Libra: a threat or the way of the future?

Many, including the G7, would welcome a regulated, stable digital currency - but few want Facebook to be in charge of it

Aaron Rogan

News Correspondent

@aarrogan
20th October, 2019

Depending on who you ask, Facebook’s plans for a digital currency are a threat to national sovereignty, or a noble endeavour to make payments cheaper.

Libra may also be a catalyst for reforming the central banking system in the digital age, or a boon for money-laundering terrorists. Facebook’s involvement means the cryptocurrency could create the largest monopoly the world has ever seen, or might never get off the ground because it won’t get...

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