Facebook revamps Libra model following regulatory concerns

Facebook revamps Libra model following regulatory concerns

In an effort to win regulatory approval, Facebook’s Libra will now be linked to individual national currencies as well as overseen by global watchdogs. The Libra Association announced that it will now offer ’stablecoins’ that are backed by single currencies such as a Libra dollar or Libra Euro. Originally Libra was going to be backed by a mix of currencies and government debt.

Chris
Chris
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