The Libra will not after all be a brand new global digital currency, but a cryptocurrency based on existing currencies, such as the euro.
The Libra association, which is in charge of leading Facebook's digital currency project, on Thursday 16 April presented an amended version of the project, intended to respond to concerns raised by European and global regulators.
In a statement, the association said it had worked hand in hand with policymakers to propose this new system of "'stablecoins'...