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Apparently Facebook no longer intends to make the Libra token the centerpiece of its digital payments strategy. Instead, Facebook’s Libra project will reportedly transition to supporting both existing government-backed currencies, like the US dollar and the euro, and the Libra token when it is eventually completed and ready to launch.
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Facebook really, really want the basket Libra — but the national-coin scheme is clearly a long-standing backup plan, as they beg regulators to let them do something like they originally wanted to.
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A three-judge bench of the court ruled on Wednesday in favor of petitions by crypto exchanges and startups that opposed the decision made by the Reserve Bank of India in April 2018, which banned domestic financial institutions from providing banking services to crypto exchanges.
Kiffmeister’s Fintech Daily Digest 03/04/2020
