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Central banks should issue digital currencies of their own
Former deputy governor at the Banque de France Jean-Pierre Landau argues that central banks should issue digital currencies of their own to protect financial stability, monetary policy and access to public money.
tags: Fintech CryptoAssets AltCoins Stablecoins CBDC Facebook
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Lawyers warn of Facebook’s Libra tax risks in Europe
Facebook’s proposed digital currency, Libra, will cause immediate tax problems for users in Europe that will hamper its mainstream adoption, according to leading tax lawyers. The tax problem stems from Facebook’s idea to peg the value of Libra to a basket of currencies globally rather than fix it in value against its users’ domestic currency.