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We spoke to a consultant who reviewed Facebook's Libra about its stability, legality, and future
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Quick Take
- After Libra’s unveiling, The Block conducted a Q&A with a consultant who worked on Libra, under the condition of anonymity
- The Block touched on the risk of money managers approaching Libra and the concerns the Commodities Futures Trading Commission might have about the currency, among other things
Facebook’s cryptocurrency project Libra gatecrashed the digital asset world earlier this week, receiving a warm welcome from financial press lauding it as a landmark moment for the nascent cryptocurrencies market. Still, questions regarding the setup of Libra’s blockchain, the stability of the reserve system backing the coin, and whether it will qualify as a […]
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