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Facebook to Scale Back on Its Libra Plans

Reuters

Summary: Facebook Inc will scale back on its plans for Libra global digital currency and will not make it available on its own services for now amid regulatory scrutiny. The company will offer only digital versions of government-backed currencies including the dollar and euro, the report added citing people familiar with the matter. By Reuters

Facebook Inc will scale back on its plans for Libra global digital currency and will not make it available on its own services for now amid regulatory scrutiny. The company will offer only digital versions of government-backed currencies including the dollar and euro, the report added citing people familiar with the matter. By Reuters

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