Zuckerberg's plea for Libra, now called Diem, suggests Facebook is leaning more towards the kind of e-cash offered by PayPal or Alibaba than the revolutionary crypto dreams of Bitcoiners.
After Libra launched in June 2019, politicians and regulators raised concerns about privacy, money laundering and companies like Facebook taking power away from central banks.
Facebook’s Libra clearly demonstrates a demand for cheaper and faster global payments service. RBI must accelerate its research on payment methods to serve this demand.
Given Facebook's failures around privacy, a near-unanimous notion among US lawmakers is that the tech giant shouldn’t be trusted to create a new global currency.
NSE CEO Ashishkumar Chauhan was speaking at Off The Cuff event hosted by ThePrint's Editor-in-Chief Shekhar Gupta. He said that NSE, on average, sees 20 crore cyberattacks each day.
The key to fighting a war successfully, or even launching it, is a clear objective. That’s an entirely political call. It isn’t emotional or purely military.
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