Facebook reveals how Libra will be backed: 50 percent U.S. dollar, zero percent Chinese yuan Stan Schroeder More Facebook’s cryptocurrency Libra hasn’t exactly had a good start, with critics pummeling it from all sides since its revealing in June. Most recently, France and Germany said they would block Libra altogether, as they deem that no private entity should attempt to claim monetary power. But the company (and its Libra partners, which have mostly remained silent since the launch) trudges o…

 

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