Facebook’s foray into the digital currency space has attracted the ire of the authorities as well as leading figures in the industry. Some in the crypto space have been openly critical of the initiative, projecting it as a means of establishing corporate hegemony for Facebook. This strong sentiment was recently echoed by Joe Kernen, an eminent political and business analyst from the American television program ‘Squawk Box’. Kernen recently pounced on the Libra initiative with unabashed contempt, claiming that the entire project was a ‘powerplay’. According to Kernen, the original major currency in the field has been established to be
