A key worry for some is whether libra competes with sovereign currencies like the dollar.
A key worry for both countries is whether Facebook, a private sector company, would effectively be competing with sovereign currencies like the euro and the dollar.Then there's the fact that it's Facebook, a company that was mired in scandal last year over questions around data privacy. Global privacy watchdogs from the U.K., US and EU haveWhat has Facebook said?
David Marcus, the executive leading the initiative, says that the currency won't "threaten the sovereignty of nations when it comes to money."
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