Facebook's Libra overhauls cryptocurrency model, makes concessions to regulators
Facebook’s Libra overhauls cryptocurrency model, makes concessions to regulators Libra will now be linked to individual currencies and overseen by global watchdogs When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works. In an effort to win regulatory approval, Facebook’s upcoming cryptocurrencyLibrawill now be linked to individual national currencies as well as overseen by global watchdogs. The Libra Association recently announced that it will now offer “stablecoins” that are backed by single currencies such as a Libra dollar or Libra Euro and a redesigned digital token based on these coins....