Michael Casey, chairman of the advisory board at CoinDesk, CEO of Streambed Media and a former Wall Road Journal reporter who lined world monetary and financial affairs, discusses the regulatory response to Libra, particularly the letter from the US. Home of Representatives Committee on Monetary Providers to Mark Zuckerberg, Sheryl Sandberg and the pinnacle of Calibra, David Marcus, calling on them to halt improvement of Libra. Casey explains why he suppose it will be good if the Home’s concern that Libra turns into “a wholly new world monetary system that’s based mostly out of Switzerland and supposed to rival US financial coverage and the greenback,” because the letter put it. We additionally focus on the probability that Libra really achieves its aim of economic inclusion for the 2 billion unbanked, how Fb’s monitor file with privateness elements in and what sensible regulation would appear like.
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Episode hyperlinks:
Michael Casey: https://twitter.com/mikejcasey
CoinDesk: https://www.coindesk.com
Michael’s CoinDesk column on how sensible, not heavy-handed regulation of Libra is important:
https://www.coindesk.com/a-monumental-fight-over-facebooks-cryptocurrency-is-coming
Michael’s CoinDesk column on understanding Libra and the Bitcoin worth swings within the world financial context: https://www.coindesk.com/bitcoin-facebook-and-the-end-of-Twentieth-century-money
