Opinion

Facebook’s coin is a bad idea, whose time has come

Different rules, and new thinking, will be required to cope with this new era of digital currencies.

Grant WilsonContributor

Mar 14, 2021 – 12.11pm

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Victor Hugo reminds us that there is nothing more powerful than an idea whose time has come.

So it is with Diem - Facebook’s digital currency project - that was launched as Libra in 2019 before being rebranded late last year.

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