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Why Libra Needs A Humanitarian Fig Leaf

“Facebook says its Libra payment platform is a social impact project that promises benefits to the poor and unbanked. Others say it’s an obvious play to be a global financial services giant with a virtual currency of its own invention, brazenly ignoring the global financial regulatory system. NGO Mercy Corps, the only humanitarian aid agency involved, is lending its hard-earned credibility to that social impact promise, but at what cost?” writes BKC’s Dragana Kaurin.

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