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What’s Next for Facebook’s Crypto?

bitcoinist.com

The new digital asset may do away with the Libra moniker, instead offering virtual coins strictly representing fiat currencies. The Libra Association will be preserved, but Facebook may do away with the plan of creating a new crypto coin.

Facebook, cited by The Verge, claims it did not entirely scrap the plans to launch a Libra crypto token. While launching a mainstream crypto coin is viewed as a positive development, critics also see the chance to control and block funds, essentially making Libra another highly controlled asset.

Read in Full: bitcoinist.com
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