10/09/19 08:00 UTC-4

Not Yuan: Facebook told what Libra is provided with

CryptocurrencyLibra will not support Yuan
Libra will not support Yuan

The Facebook social network said that in providing its Libra cryptocurrency, most of the world's reserve currencies will most likely be. Yuan is not among them.


Facebook vs Yuan

According to Bloomberg, Facebook told the US Senator that most likely the Libra cryptocurrency will be backed by the US dollar, euro, Japanese yen, British pound and Singapore dollar.

The social network responded to the concerns of Senator Mark Warner, who said that the Chinese authorities could force Facebook to include the yuan in providing Libra.

Interesting in the section: Hardware wallets for cryptocurrency from the French Ledger manufacturer


Editor: Jerg Wos

See also: "SEC Chairman : work on the Bitcoin ETF is not yet completed"

#Libra #Facebook Regulation #Yuan #China #Cryptocurrency



23/08/19 22:00 UTC-4

Out: Libra founders are preparing an "escape" from the project

​The Libra Association (the organization that should develop Facebook’s cryptocurrency) has 28 members. They include such giants as Visa and Uber. Now at least 3 members are trying to get out of the project because of criticism from regulators.