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There is nothing original about Facebook’s Project Libra - Market Mad House
The organization that will administer Libra, the Libra Association, looks like a central bank To explain, a central bank issues currency, backs currency with a reserve, and regulates and administers the ecosystem that distributes the currency. Beyond that a central bank acts a a bank for other banks. I think the Libra Association looks like a Central Bank for global electronic payments systems like Visa and PayPal.