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The TC article says that every Libra issued is backed by USD and other currencies in reserve. So, no independent monetary policy. This looks a whole lot more li
by deafcalculus 7y ago
The TC article says that every Libra issued is backed by USD and other currencies in reserve. So, no independent monetary policy. This looks a whole lot more like full-reserve banking than a cryptocurrency. Are they calling it a cryptocurrency to avoid KYC requirements and other banking regulations?