Australia’s Central Bank Chief Isn't Friending Facebook's Cryptocurrency Just Yet
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Australia’s central bank chief has a message for those waiting to use Facebook Inc.’s proposed cryptocurrency: don’t hold your breath.
The social media network unveiled plans this week for Libra, a global financial system that will allow its more than 2 billion users to make everyday transactions online. When quizzed about its implications for Australia, Governor Philip Lowe -- already a long-time skeptic about cryptocurrencies -- suggested the project might be a long way off yet.