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Under the lens

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Under the lens

In depth: Facebook’s cryptocurrency ambition

With 2.7 billion users across its platform, Facebook will launch Libra from a starting point with which others can hardly compete. In India, Facebook’s biggest market, regulators have been studying laws to ban transactions involving cryptocurrencies. Chinese regulators have yet to comment on Libra, but the country has maintained a tough stance against cryptocurrencies after the government moved to ban crypto offerings and exchanges in 2017.

2 Jul 20190 comment
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