Facebook-backed association revamps Libra following regulatory concerns

The Libra Affiliation, the consortium created by the use of Fb to oversee all problems Libra, has up to the moment its white paper to make some changes. The association is leaving in the back of its original plan to create a global stablecoin at once tied to a basket of fiat currencies and securities. The Libra Affiliation n…
The Libra Association, the consortium created by Facebook to oversee all things Libra, has updated its white paper to make some changes. The association is abandoning its original plan to create a global stablecoin directly tied to a basket of fiat currencies and securities. The Libra Association n…Original article
Author: Romain Dillet

Romain Dillet is a Senior Writer at TechCrunch. Originally from France, Romain attended EMLYON Business School, a leading French business school specialized in entrepreneurship. He covers many things from mobile apps with great design to fashion, Apple, AI and complex tech achievements. He also …

Romain Dillet has recently written 2 articles on similar topics including :
  1. "Many officials claim that governments should regulate Facebook and other social platforms, but few describe what it actually means. A few days ago, France released a report that outlines what France — and maybe the European Union — plans to do when it comes to content moderation". (May 21, 2019)
  2. "When Facebook unveiled Libra, its cryptocurrency project, there were two distinct entities the Libra Association, a not-for-profit that oversees all things Libra, and Calibra, a Facebook subsidiary that is building a Libra-based wallet with integrations in WhatsApp and Messenger". (May 26, 2020)
Posted on  ,