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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.

libra 4284010 640smallThe 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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