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Microsoft’s Smith: Let Governments Handle Digital Money

Microsoft President Brad Smith said he believes governments are more suited to issue currencies and criticized fintechs for infringing on their space. So reports Yahoo! Finance.

microsoft 80658 640smallTo that end, Smith, speaking at an International Settlements conference, said he has not encouraged his own company to issue digital currencies. The article also points out Facebook has been working toward launching a stablecoin now called “diem,” but it has run into myriad regulatory obstacles.

Read the full article from Yahoo! Finance.

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