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Facebook Libra’s Stark Reminder: Mass Regulation Before Mass Bitcoin Adoption

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By CCN Markets: As expected, the US government has an interest in Facebook’s Libra project. The biggest regulatory organization in the world is sure to take notice when the world’s largest social network moves into the world of banking and personal finance. Suddenly, Blockchain is Legitimate Facebook’s aims are from limited to the US, however, and their cryptocurrency will be backed by a “basket” of assets including the dollar. In effect, during times of turmoil, the Libra could be one of the stable-r currencies for the everyday person to use. As some in the industry have pointed out, the hype

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* First published on ccn.com

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