Facebook’s launch of its cryptocurrency Libra has created a huge chaos in the crypto ecosystem. The British Finance Minister Philip Hammond is of the view that it should be the authorities to decide regulations on Facebook Libra and not the lawmakers. While initially supported and appreciated throughout the crypto market, the stable coin soon became one of the most criticised projects within a matter of days. The cryptocurrency that claims to be a blockchain is not decentralised and has other issues as well, but that’s a given considering its objective is to do something that has not been done ever