Facebook's plan to launch the digital currency Libra in 2020 was up in the air Wednesday, after the alliance of key global corporate backers to manage it showed signs of fraying amid growing scrutiny from regulators across the world, mostly over potential money laundering and tax evasion.
Antonio Fatas of INSEAD says there are signs that "everyone," including the European Union and U.K. leader Boris Johnson, wants to avoid a no-deal Brexit.
Antonio Fatas, professor of economics at Insead, discusses the new government in Italy.
Libra, like many of the other innovations in payments coming from fintechs of just tech companies, is trying to make the payments system faster and cheaper.