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RE: Libra... Switzerland... Duh.
What does Facebook have to do with it?
That's part of the problem right there: Libra isn't Facebook.
I think it's interesting that Zuckerberg even went public in the first place and created this perception that Libra is Facebook.
They are part owners of the so called crypto.
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Right, part owners, yet you'll never hear anyone say any name other than Facebook. This implies right off the bat that regulators and the general public have no idea what they are dealing with.
In fact, a lot of people aren't even using the word Libra. They just replace it with "Facebook cryptocurrency".
No billions of people on Facebook no Libra, it's as simple as that. That's the real fear factor, Zuckerburg has access to billions of people, he can succeed in changing the monetary system. In the end though it will be at the same rules and procedures in place or they will squash him.