What do central banks think about Libra?

Libra doesn’t launch until 2020 but that doesn’t mean that people aren’t already fretting about the whole affair.Facebook has promised that it won’t use payment data in order to target adverts—but people don’t trust Facebook, for notorious reasons.And regulators are also frowning upon the move.France has underlined that only governments can mint money, and has warned against Libra’s potentially nefarious uses.The bank of England said that Libra will have to meet very high financial standards to be allowed in the UK.Of course, lawmakers in both the US and the EU are concerned about Facebook’s expansion to the financial domain.For a company which is increasingly depicted as an oversized, unaccountable, arrogant monopoly, is launching a currency really the best way to avoid scrutiny? We’ll find out in years that follow.