3 Ways Facebook Must Address Illicit Financing with Its New Cryptocurrency

In 2020, Facebook’s new subsidiary, Calibra, will begin operating a blockchain-based marketplace ecosystem, fueled by the new Libra digital token. The Calibra digital wallet is supposed to enable users around the world to purchase all types of goods and services across borders. Criminals, terrorists, and rogue state governments have also been using social media platforms for years now; they will migrate quickly to the Calibra ecosystem if it proves successful. Here is what Facebook needs to do to address the Pandora’s box of unintended consequences it is about to open: