Mark Zuckerberg is about to become the head of a Swiss Bank. 3 reasons it should make you think

 

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Mark Zuckerberg is about to become the head of a very big bank based in Switzerland. Libra is Facebooks’ new cryptocurrency. Imagine sitting in a room thinking about what else you can sell to your 2.4bn people (including some bots) backed by a $1bn in guarantees from companies as wide as Paypal, Mastercard and Uber. This has the opportunity to severely disrupt existing financial transactions markets but also the deeper psychology of trust of our collective financial systems, collective expectations for what currency can and should do and also our personal relationships. For example, please pay me to socially post positive things about you. Just drop me some Libra.

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Swiss Authorities Freeze Bank Accounts Belonging to Russian Tax Officials

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A group of Russian tax officials is alleged to have helped steal $230m (£140m) from the Russian state in an elaborate tax fraud.

Authorities in Switzerland are reported to have frozen dozens of bank accounts belonging to Russian tax officials.  This is part of a criminal investigation into claims that the funds on them are derived from the biggest tax fraud in Russian history.  The Swiss authorities began investigating after UK investment fund Hermitage filed a complaint against a group of Russian tax officials it alleged had helped steal $230m (£140m) from the Russian state in an elaborate tax fraud.

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