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CFA SINGAPORE INSIGHTS

Facebook's Libra project: a timely wake-up call

The current monetary system does not serve the needs of society as a whole

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The appropriate response to Libra or the larger crypto phenomenon is to engage in a debate on how to create technology- enabled monetary solutions that better serve humanity.

FACEBOOK'S Libra (digital currency) project has attracted enormous attention, not all of it positive. Some of the deeply critical reactions were on display recently when Libra representative David Marcus appeared before the US Senate Banking Committee and the Financial Services Committee of the...

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