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In Depth: Facebook’s Cryptocurrency Ambition

In Depth: Facebook’s Cryptocurrency Ambition

Facebook Inc. threw a bombshell into global virtual currency and financial markets just over a week ago by unveiling its plan to introduce a new cryptocurrency called Libra. It immediately stirred debates over the currency’s technology, use and supervision. With 2.7 billion users across its platform, Facebook will launch Libra from a starting point with which others can hardly compete.