politics

Facebook's Libra gets stark warning from G7 finance chiefs

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By THOMAS ADAMSON

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Politicians and their arrogance

Facebook has proposed pegging Libra to existing currencies to make it more stable than the likes of Bitcoin and useable as a way to pay for things. Governments around the world are rushing to assess how that would affect or destabilize the economy — if, for instance, the cryptocurrency decides to weigh in favor of the dollar or the euro.............

Well that is one direction, the reality is politicians have little or no idea of the risks if they were run over by them.

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