Brilliant idea, but not in Zuckerberg’s hands

Stopping Facebook’s Libra in its tracks was a god thing, but authorities should now do something useful and visionary with the cryptocurrency, writes Yanis Varoufakis.

The Libra Association is fragmenting. Visa, Mastercard, PayPal, Stripe, Mercado Pago, and eBay have abandoned the Facebook-led corporate alliance underpinning Libra, the asset-backed cryptocurrency meant to revolutionise international money.