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Libra Association Member dismisses central bank concerns as “conspiracy theories”

The Libra Association, the Facebook-led stablecoin network whose members include Visa, Uber, and Vodafone (but not PayPal, after it backed out earlier this week), is facing criticism from central banks and regulators the world over. They’re particularly concerned that the Libra Association’s initiative to peg the Libra to a basket of fiat currencies, including the US dollar, the Euro, and the British Pound, undermines their authority to determine monetary policy. 

But in an interview with Decrypt, Diogo Monica, the co-founder and president of Anchorage, one of the founding members of the Libra Association, dismissed those concerns as “conspiracy theories,” which were “not really worthy of commenting on.” Monica said that the choices the Libra Association makes regarding…

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