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Home News

Facebook Cryptocurrency Libra to launch as Early as January but Scaled Back

by Mary Josen
June 28, 2021
in News
Reading Time: 2 min
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Facebook Cryptocurrency Libra

Facebook Cryptocurrency Libra

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Table of Contents

  • Facebook Cryptocurrency Libra:
  • Facebook’s Libra cryptocurrency explained
  • Facebook Cryptocurrency:
  • Regulatory and political complaints : 
  • Libra: 
  • How to buy :
  • Corona and Cryptocurrency:
  • Freetime: 
  • My Talking Tom Friends MOD APK v1.0.10.1959 Android/iOS [Unlimited Money]

Facebook Cryptocurrency Libra:

Facebook Cryptocurrency Libra to Launch as Early as January but Scaled Back.  They are now planning to launch a dollar-backed coin. This scaling back happened because of political and regulatory complaints.

Facebook Cryptocurrency Libra
Facebook Cryptocurrency Libra

 Also watch : 

Facebook’s Libra cryptocurrency explained

Facebook Cryptocurrency:

Facebook announced a digital currency called Libra that will roll out for use in 2020 and allow billions of users across the globe to make financial transactions online.

Regulatory and political complaints : 

Central Banks feel that such bitcoins or cryptocurrencies will reduce the power of money and cause an economic breakdown. Because of this, they made complaints against Facebook and led to the scaling down of the project.

Libra: 

Because of the issues raised by central banks, Libra has taken a diplomatic approach. It’s a Company with 27 members and has approached a Swiss financial watchdog Finma to launch traditional currencies backed cryptocurrency. Hence they are now planning to launch a dollar-backed coin.

How to buy :

There are two options to buy cryptocurrency from Facebook, one is to buy Facebook shares, and the other is to buy Libra shares. Libra is backed by actual reserves, cash, and government bonds. On purchase of $ ten million, the buyer gets a token, and depending on the number of tokens they have the dividend shares increases.

Corona and Cryptocurrency:

Because of COVID 19  scare and quarantine digital money is in. As it is difficult to use physical money the concept of dollar-backed cryptocurrency is a huge hit.

Freetime: 

Keep aside money and worries, Let us talk about games for a change. If Your Baby already enjoyed playing Tom, it’s back with some new friends. Download My Talking Tom Friends Mod APK for Android. This app will help you enjoy a good time with your baby.  Enjoy and have a blast.

Also read:

My Talking Tom Friends MOD APK v1.0.10.1959 Android/iOS [Unlimited Money]

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Mary Josen

I am Mary Josen , I have done Bsc. Nutrition from Mumbai university and I have 6 years of experience in total . I have worked as nutritionist , counselling patients for obesity , diabetes, Pcod, Hypo and Hyperthyroid etc. I have also worked as a data quality analyst in a food delivery app company (Tiny Owl) after completing regular PG diploma in statistics from Mumbai University (2014).

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    Table of Contents

    ×
    • Facebook Cryptocurrency Libra:
    • Facebook’s Libra cryptocurrency explained
    • Facebook Cryptocurrency:
    • Regulatory and political complaints : 
    • Libra: 
    • How to buy :
    • Corona and Cryptocurrency:
    • Freetime: 
    • My Talking Tom Friends MOD APK v1.0.10.1959 Android/iOS [Unlimited Money]
    → Index