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Facebook Distances Themselves From Digital Currency Project Libra
Summary: Facebook’s digital currency initiative Libra has lost a ton of steam since late last year, as partners continue to back out after regulators opposed the plan. Mark Zuckerberg, Facebook’s chief executive and founder, said that the libra initiative is being handled by the libra Foundation, stressing the separation of the foundation and the social network. ...
Facebook’s digital currency initiative Libra has lost a ton of steam since late last year, as partners continue to back out after regulators opposed the plan.
Mark Zuckerberg, Facebook’s chief executive and founder, said that the libra initiative is being handled by the libra Foundation, stressing the separation of the foundation and the social network.
Zuckerberg stated, "the longer-term work that we proposed around Libra that’s now being handled by the independent Libra foundation.”
By Roland James
Tags: Facebook,Libra,Mark Zuckerberg
Link: Facebook Distances Themselves From Digital Currency Project Libra [Copy]
