US Central Bank Has Serious Concerns About Facebook's Cryptocurrency Libra

https://www.cnet.com/news/us-central-bank-has-serious-concerns-about-facebooks-cryptocurrency-libra-report-says/

ummm.. yeah? This project sets off every alarm bell there is, especially for those of use who have been crypto enthusiasts from the beginning. There are lots of people saying Libra is great for adoption etc but it is not good for adoption of real crypto. Like some other people have said on this forum, Libra is just diverting traffic off of the crypto highway and circling it back around to banks.

"While the project's sponsors hold out the possibility of public benefits, including improved financial access for consumers, Libra raises many serious concerns regarding privacy, money laundering, consumer protection and financial stability,"

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