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The 10 most important things you need to know about Facebook’s new cryptocurrency, Libra

by Yogita Khatri

June 18, 2019, 5:00AM EDT  ·  3 min read

Quick Take

  • Here are 10 key things about Facebook’s new cryptocurrency, including: what the token is backed by, provisional privacy and regulatory structures, and tentative launch plans

by Yogita Khatri

June 18, 2019, 5:00AM EDT  ·  3 min read

After months of anticipation, Facebook has just unveiled its cryptocurrency, dubbed Libra. There is a lot of information to unpack, and The Block has distilled the announcement into the most important points.

1. “Low-volatility” cryptocurrency

Through a separate entity called the Libra Association, Facebook has announced the launch of “low-volatility” cryptocurrency Libra.