Singapore’s central bank wants more information on Facebook’s Libra crypto
Facebook's Libra cryptocurrency has received a warmer welcome from the Monetary Authority of Singapore (MAS) with the central bank asking for more information. MAS believes Libra could be a potential solution to the expensive remittance market. EU and U.S. lawmakers have greeted the new payment system with more hostility, including California Representative Maxine Waters (D) calling for a committee overview next month.
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