Alarming and unnecessary: Facebook’s new cryptocurrency must be resisted | Charles Arthur

The tech giant has big ambitions for its digital currency Libra. Privacy and regulation are just the start of the problemsHave you heard about Facebook’s new “cryptocurrency”, called Libra? Its basic pitch boils down to “we messed up your privacy and gave your data to all sorts, and let foreign actors screw up your elections – now let’s see what we can do with banking!”That’s the quick way to view its announcement of Libra, which will be operated b