A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements.
Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments
Facebook’s Libra Project
Facebook unveiled its plans last month for newly formed subsidiary Calibra which aims to provide financial services via the Libra network….

Full Article