News France (Also) Opposes Facebook's Libra Cryptocurrency

Aug 8, 2019
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Bloomberg reported yesterday that Switzerland wants to subject Libra to strict oversight.

It's nice to want stuff.

In light of the seeming inability of any government to exercise any substantive oversight over any portion of Facebook, I'm curious how the Swiss plan to pull of this Herculean feat.
 
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bit_user

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Facebook cannot be trusted.

And whoever controls the mix of different currencies that back the Libra coins will have immense power over the world economy, even potentially affecting nations that prevent their citizens from using the currency. They can just swing exchange rates on a whim.
 
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