Facebook has to answer some tough questions about Libra

A few days ago, a group of private companies spearheaded by tech giant Facebook presented the Libra White Paper, a plan to create a new decentralised blockchain and a new cryptocurrency that runs on it.

The backers promise "more access to better, cheaper, and open financial services", but is this really what we are getting?

The presentation of Libra raised a couple of important fundamental and regulatory issues that need answeri...