Brookings Institution: How should governments respond to Facebook’s Libra initiative?

The Brookings Institution: How should governments respond to Facebook’s Libra initiative?. “How governments should respond to Libra depends on how the company integrates the cryptocurrency into their larger business. We envision Libra being integrated into the company’s broader business model as a basis for offering financial services, or possibly an even broader set of services. Given the increasing social and economic power of large tech firms, governments should proactively start thinking of how to respond to these firms’ entrance into new industries.”

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