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By The Conversation*

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Facebook’s Libra: It’s not the “crypto” that’s the issue, it’s the organization behind it

Libra is being hyped as “Facebook’s bitcoin,” but it’s really a proposal for a global payments system controlled by a small and exclusive club of private firms. Politicians and regulators have attacked Libra, citing concerns about it being a cryptocurrency… But it’s essentially a prepaid digital token, “minted” when people put up state-issued currencies to buy it.
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