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3 tweets,
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1/ My views in EconomicTimes on #Libra: “If @facebook were to design the Libra to be a closed system, only to be transacted on its network and not beyond, #RBI should ideally be less concerned, since the #coin does not engage with the external economy” bit.ly/2Ro8jpC
2/ “If it is not meant to operate in a closed system, then it is exactly the kind of #DigitalAssets that concerns RBI. #regulations as currently drafted seem to indiscriminately apply to both the above examples.”
3/ "The argument that this is a #stablecoin — a #cryptocurrency whose value is pegged to be as stable as the dollar — is unlikely to pass muster with the banking regulator, due to concerns around tax evasion, money laundering and fraud" @ikigailaw
