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Libra 2.0

Summary:
What’s left? The new plans envision Several stablecoins tied to existing fiat currencies rather than (or in addition to) to the originally planned currency basket. No more “permissionless” transactions, no more “censorship resistance.” Vetting of new wallets by the operator (KYC, AML). The new Libra White Paper. Teunis Brosens and Carlo Cozucco in ING’s THINK. Kiran Stacey and Hannah Murphy in the FT. Philip Sandner and Jonas Gross in Medium.

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What’s left? The new plans envision

  • Several stablecoins tied to existing fiat currencies rather than (or in addition to) to the originally planned currency basket.
  • No more “permissionless” transactions, no more “censorship resistance.”
  • Vetting of new wallets by the operator (KYC, AML).

The new Libra White Paper.
Teunis Brosens and Carlo Cozucco in ING’s THINK.
Kiran Stacey and Hannah Murphy in the FT.
Philip Sandner and Jonas Gross in Medium.

Dirk Niepelt
Dirk Niepelt is Director of the Study Center Gerzensee and Professor at the University of Bern. A research fellow at the Centre for Economic Policy Research (CEPR, London), CESifo (Munich) research network member and member of the macroeconomic committee of the Verein für Socialpolitik, he served on the board of the Swiss Society of Economics and Statistics and was an invited professor at the University of Lausanne as well as a visiting professor at the Institute for International Economic Studies (IIES) at Stockholm University.

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