Facebook’s ‘Stablecoin’ Punt Raises Questions for Regulators

A debate has erupted in central bank circles about how to respond

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Photo: Alexander Pohl/NurPhoto via Getty Image

By Gillian Tett

A profound paradox has enveloped global commerce. On the one hand, it has become absurdly easy and cheap for consumers to push data around the world at lightning speed. But on the other, it has remained oddly…

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