Facebook Libra: What are the opportunities and challenges for banks?

04 November 2019

In the latest Efma & BCG Point of View we discuss Facebook’s Libra initiative: its design and differentiating factors and the implications for banks. From the outset, although Libra’s design appears to adequately address some of the key design criteria for a low-volatility cryptocurrency (or ‘stablecoin’), it also raises many potential challenges, particularly around monetary stability, regulation, and privacy.