Saturday March 28, 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

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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Most policies don’t include pandemics, so the government may be forced to step into the breach to share the burden, experts say

Peter O'Dwyer | 6 days ago

The Covid-19 outbreak has highlighted the importance of public health medicine, but the service is badly in need of reform

Priscilla Lynch | 6 days ago

The pandemic is a humanitarian tragedy, but it will also leave a lasting mark on the global economy with, currently, Europe being hardest-hit

Eugene Kiernan | 6 days ago