Disclosure of the launch date of the “Facebook” cryptocurrency

Disclosure of the launch date of the “Facebook” cryptocurrency
Disclosure of the launch date of the “Facebook” cryptocurrency

The Financial Times newspaper reported on Friday that ’s cryptocurrency, Libra, is preparing to launch in January, citing three unnamed sources involved in the project.

The Financial Times, citing a source, said that the Geneva-based Libra Association, which will issue and supervise the Libra currency, intends to launch a single digital currency backed by the dollar.

The Libra Association, which includes Facebook among its 27 members, is seeking to obtain the green light from a market watchdog in Switzerland to issue a series of stable currencies backed by certain traditional currencies, in addition to a token based on stable currencies linked to traditional currencies. .

But the “Financial Times” said that according to the new plan of the entity, other currencies backed by conventional currencies will be introduced at a later time.

The Libra Association did not immediately respond to a request for comment. The Financial Market Supervisory Authority in Switzerland did not give more clarification than what was included in a statement issued last April confirming the receipt of “Libra” application for a license to make payments.

Source: Reuters

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