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2019-12-01 19:46:59 Cryptopolitan

Facebook’s Libra to be categorized as a security: What does it signify for Libra and other such projects?

US Authorities want to categorize Facebook’s Libra as a security while many people disagree with this as it might damage the digital finance ecosystem in the country. Will Facebook’s Libra see the light of day? Facebook’s Libra stablecoin project has gone through a lot of hurdles even before its launch. Immediately after its announcement, the stablecoin faced regulatory backlash as US authorities considered its host Facebook to be inappropriate for such a project. After some time, many other nations applied pressure on Facebook to cancel the project. Some nations banned the project and urged the global community to create a