Doubts grow over Facebook's virtual Libra currency

Facebook's planned virtual unit Libra, already under heavy attack from US President Donald Trump and global regulators, faces scepticism among the wider cryptocurrency community as well.

What you need to know:

  • Libra is widely regarded as a challenger to dominant global player Bitcoin.
  • People are "concerned about how the governance... would work", Disney told AFP.
  • Whereas Bitcoin is decentralised, Libra will be co-managed by 100 partner firms.

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