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Libra may be Facebook’s best defense against its enemies

Matthew De Silva
Libra may be Facebook’s best defense against its enemies

It’s been nine days since Facebook announced the Libra, a new currency for the world, and we’re still alive. US congressional committees have scheduled hearings on the Libra for mid-July, and the G20 plans to discuss the Facebook-led initiative at its meeting next month. Fears about financial privacy and the possible dollarization of developing nations, as well as awe regarding Facebook’s e-commerce aspirations have rapidly diverted attention from the social media giant’s impending antitrust showdown.