Facebook’s argument is that it won’t be minting new money with its digital currency.
Interesting article about why regulators are worried about Facebook’s digital currency. I really believe that governments are more concerned that Libra will make it that much easier for people to transition to other cryptos. And that's a real concern, they should be worried. But there's really nothing that they can do about it, crypto adoption is going to happen in my opinion.
Read the full story here....
https://www.cnbc.com/2019/09/19/heres-why-regulators-are-so-worried-about-facebooks-digital-currency.html