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Facebook Is Delaying Its Digital Currency Plans, Report Says

(FB) will allow users to trade government-backed currencies along with the Libra token it has been promoting in recent months, according to a report on the technology website The Information on Tuesday. Facebook (ticker: FB) initiated development of Libra, but the company will not have full control over it, executives have said. The Libra Association, a not-for-profit organization made up of several businesses and nonprofits, is expected to govern the digital currency, whose value would be pegged to a basket of international currencies. Read More...

(FB) will allow users to trade government-backed currencies along with the Libra token it has been promoting in recent months, according to a report on the technology website The Information on Tuesday. Facebook (ticker: FB) initiated development of Libra, but the company will not have full control over it, executives have said. The Libra Association, a not-for-profit organization made up of several businesses and nonprofits, is expected to govern the digital currency, whose value would be pegged to a basket of international currencies.

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