Facebook’s ‘failed’ Libra cryptocurrency is no closer to release


Swiss finance minister Ueli Maurer said on Dec 27 in Bern that the country can’t approve Libra in its current form. — Reuters

Facebook Inc’s Libra cryptocurrency starts 2020 looking no closer to release, with authorities in its base in Switzerland raising fresh questions about its suitability as a global currency.

Swiss finance minister Ueli Maurer said on Dec 27 in Bern that the country can’t approve Libra in its current form, telegraphing to Facebook that the product it wants to launch in Geneva isn’t going get a green light from regulators anytime soon.

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