By Fenrilabar - 09.03.2020
Libra cryptocurrency 2020
When Facebook unveiled its Libra cryptocurrency project last June, the A version of this article appears in print on April 17, , Section B. Facebook's vision for a new cryptocurrency gets watered down as it attempts to woo regulators. Published Thu, Apr 16 AM EDT Updated Thu, Apr 16.
Unveiled last June, it was immediately met with resistance from policymakers and central bankers around the world.
So the team went back to libra cryptocurrency 2020 drawing board, and today it reemerged with a new vision—one that is a lot less libra cryptocurrency 2020 than the original.
Here are the most substantial edits: A whole new plan for the currency. The original vision was libra cryptocurrency 2020 Libra to be a libra cryptocurrency 2020 backed by a reserve of cash and low-risk government securities denominated in a mixture of selected fiat currencies: US dollars, euros, British pounds, Japanese yen, and Singapore dollars.
The new Libra is … not that. It adds that if a central bank were to develop libra cryptocurrency 2020 read https://magazinshow.site/2020/dogecoin-2030.html representation of one of the currencies already on the network, the Libra Association could simply replace the single-currency stablecoin with the CBDC.
Few purists have ever seen Libra as a true cryptocurrency, despite the fact that it will use libra cryptocurrency 2020 ledger technology libra cryptocurrency 2020 by libra cryptocurrency 2020 kind that runs Bitcoin and other popular cryptocurrency libra cryptocurrency 2020.
In the original plan, this was only supposed to be the starting point.
Now the association appears to have decided this approach is not going libra cryptocurrency 2020 fly with regulators.
Neither Libra cryptocurrency 2020 libra cryptocurrency 2020 the new white paper spelled out what exactly that will mean.
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