Why it matters: The G20 Financial Stability Board believes that cryptocurrencies like Facebook's Libra are a risky proposition that requires an appropriate response in the form of comprehensive regulation, oversight, and holding those who operate stablecoin networks to a high standard of accountability. What it really means is that people are flocking to these financial instruments faster than governments and central banks can adapt to their existence.
Governments and central banks have learned one lesson from the Internet - letting a decentralized system evolve organically could spell trouble for centralized forms








