Do Central banks and governments think Facebook (and other creators of Digital Assets) are stupid or that they do not have the ability to remember, let alone search Google to remind themselves and others of the continued failure of existing banks? It really is not that hard for one to spend two minutes on the internet and find example after example of fines sanctions, staff sackings and judicial criticism being levied against the so called reputable, safe, well-regulated and trustworthy banks. The two main reasons for having financial regulation is:
 
1.    To maintain confidence in the financial system
2.    To treat customers fairly
 
Having confidence...