Facebook’s Cryptocurrency project Libra now backed by only single-currency

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As per the official blog post published by the Libra Association on April 16, 2020, it has initiated the process of payment system licensing with the Swiss Financial Markets Supervisory Authority (FINMA).
The Libra Association an independent group which is organised by Facebook said that it is now planning to launch stable coins backed by only one nation. Initially, the planning was to launch the Libra coin backed by multi-currency. The updated whitepaper is now available on the official w…

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