The new plan calls for Libra to be linked with individual national currencies and be subject to global oversight as Facebook hopes to win regulatory approvals. A number of regulators expressed concerns Libra might “erode national control over money.” Libra has moved back its planned launch in June to closer to the end of the year.
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Libra Gets Makeover As It Looks to Curry Favor with Watchdogs
Facebook’s controversial cryptocurrency project was given a makeover with the hopes it will now be more alluring to skeptical watchdogs and regulators. So reports Reuters.
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