There’s a big problem with Facebook’s Libra cryptocurrency

By Timothy B. Lee

"I don't understand how this is possible," an expert said of Facebook's approach.

Getty / Aurich Lawson

Libra's future remains murky. Facebook is months away—at least—from actually launching a network. The documents Facebook released in June left a lot of unanswered questions about how the network will actually work—and in particular, how the network will deal with the wide range of legal and regulatory requirements that apply to payment networks.

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