22 July 2019

Last month, with a great fanfare and many pious platitudes, Facebook announced its proposed global cryptocurrency, Libra. We, along with many others, expressed doubt that Libra would meet the regulatory standards which are mandatory in developed countries, particularly the anti money laundering and “know your client” rules. (See http://arminiuscapital.com.au/geld-zug-commentaries/  28 June 2019)… [read more]