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Weekly Highlights 20 Oct: Facebook’s Libra faces uphill tasks
By The Investment Blueprint  •  October 20, 2019
Weekly Highlights#1 Facebook’s Libra faces new challenges 

Beside getting rejected from Visa and Mastercard recently, a new wave of criticism comes from the German Finance Minister claiming that the creation of a world currency or Facebook’s Libra, in this case, should be prevented and at the same time, claiming that the creation of a world currency is the responsibility of democratic states.

Hypocritical much?

But the concern of stablecoins being used as a tool to money laundering and terrorist financing is very real. The reach and anonymity of Facebook’s users could potentially offer bad-doers the perfect tool for their nefarious doings. It is an issue that Facebook needs to address and potentially eradicate before regulators around the world will come to accept a world currency like Libra.

Stablecoins are digital currencies backed by traditional money.

https://www.reuters.com/article/us-imf-worldbank-facebook/facebooks-libra-cryptocurrency-should-be-prevented-german-finance-minister-idUSKBN1WX23A

https://www.reuters.com/article/us-facebook-cryptocurrency-ebay/facebooks-libra-currency-abandoned-by-major-financial-companies-idUSKBN1WQ2KL

#2 New revelation from Boeing 

It seems that Boeing can’t seem

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By The Investment Blueprint
My name is Harvey and I aim to publish at least one article per week. Only facts, statistics and a whole lot of caustic humour. ETF enthusiast.
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