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Facebook crypto Libra to launch as early as Jan but scaled back: Report

The Geneva-based Libra Association that will issue and govern Libra reportedly plans to launch a single digital coin backed by the dollar

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Facebook | cryptocurrency | cryptocurrency martket

Reuters  |  London 

Facebook's Libra cryptocurrency is readying to launch as early as January, the Financial Times reported on Friday, citing three unidentified people involved in the project. The Geneva-based Libra Association that will issue and govern Libra plans to launch a single digital coin backed by the dollar, the FT said, citing one of the people. The move would represent an even bigger scaling-back of the project's ambitions than that proposed in April in response to a regulatory and political backlash against the project. Libra, unveiled by Facebook Inc last year, was ...

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First Published: Fri, November 27 2020. 14:38 IST
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