Facebook’s grand-scale Project Libra has provoked the US Federal Reserve to seriously consider launching their own digital rival with the hopes of restoring their diminishing monopoly over global trade. As much as one would like to associate cryptocurrencies with a libertarian dream, the overall concept behind it could be terrifying. While on the one hand, cryptocurrencies empower individuals with open-source, decentralized, borderless, and anti-censorship technology; on the other, central banks are exploiting it to gain more power on the population than ever before. Project Libra pressurizes US Fed Reserve to consider FedCoin Thinking along similar lines, Politico reports that the
