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Facebook is shifting its Libra cryptocurrency plans after intense regulatory pressure

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Facebook launches searchable transparency library of all active ads

Facebook anticipated at least some scrutiny, so it created a nonprofit, called the Libra Association, of which Facebook and its new Calibra subsidiary would represent only one member.

  • Prior to Facebook, Markus served as vice president of mobile for PayPal, later becoming the company's president.

  • Additionally, The Information says Facebook is delaying the launch of its separate Calibra digital wallet, which was to be a primary showcase for the Libra technology by allowing anyone with a smartphone to acquire and store the cryptocurrency and then pay for various goods with it.

Facebook launches searchable transparency library of all active ads

The labels will review who bought the ad, their contact details, the budget for that ad, how many people saw it and the age, location and gender demographic details.

  • Libra was originally planned as a stablecoin pegged to the value of several different currencies.

  • Those days are gone when we see only still images and static photo posts on the news feed.




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