Facebook’s Libra was the most high-profile proposed digital currency to date but it faced a host of fundamental issues that it had yet to address.
“As a consequence, it is an open question whether such a new Synthetic Hegemonic Currency (SHC) would be best provided by the public sector, perhaps through a network of ... digital currencies,” Carney said.
Such a system could dampen the “domineering influence” of the U.S. dollar on global trade.
- Bank of England Governor Mark Carney
Ya just have to know it was coming... This is the best clear sign that the Blockchain Inquisition will be a brutal economic battle to destroy the world reserve currency system! The world's Superpower will see its last days very shortly and lead to greater global unrest. China will continue to expand beyond the great wall... Brexit will plunge the world economy into a mild recession.
Thanks for the report!