Facebook’s Libra faces more scrutiny

Since its announcement in June, Facebook’s crypto currency “Libra” has faced many questions. Now even more questions are being asked by banks across the globe. Currently,  Libra representatives are meeting with officials from 26 central banks, including the US Federal Reserve, according to the Financial Times. The meeting in Basel, Switzerland, will focus on the cryptocurrency’s “scope and design.”

https://www.cnet.com/news/international-banks-to-question-facebooks-libra/