The differences between Bitcoin and Libra should matter to policymakers8

The two have different design goals, work in different ways, and raise different regulatory questions.

Recently Congress has taken a strong interest in the newly announced Libra digital currency. We have been getting many questions from policymakers and the media about how Libra (as described in its white paper and accompanying materials) compares to Bitcoin and other cryptocurrencies. We thought we’d share our thinking on this here.

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