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Facebook's Libra a 'good idea', but still too many unknowns: panellists

Panel at Fintech Festival expresses concern over the risk of money laundering, terrorist financing, challenges to monetary sovereignty and financial stability, and privacy

Published Tue, Nov 12, 2019 · 09:50 PM

Digital currencies

Singapore

FACEBOOK'S embattled digital currency Libra may have faced fierce pushback from the get-go, but its attempt to solve the cross-border payments problem is still cautiously welcomed by some central bankers and private players.

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