The Monetary Authority of Singapore is seeking more information about Facebook’s Libra

The Monetary Authority of Singapore, also known as MAS, has voiced concerns about Facebook’s new cryptocurrency project, Libra. Therefore the MAS, which is also the central bank of Singapore, has started to research the project on a more thorough basis. The managing director of MAS, Ravi Menon has already talked to Facebook’s representatives about the changes Libra is planning to bring to the industry and how it will function specifically. Despite the concerns about security, Menon did mention that there are some benefits to be found with Libra. Menon has mentioned that the benefits brought on by Libra would certainly