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Facebook’s Cryptocurrency Ambition

By Tanner Brown / Jul 01, 2019 10:01 AM / Business & Tech

Facebook unveiled its crypto currency Libra with plans for wider retail use. Photo: VCG

Facebook unveiled its crypto currency Libra with plans for wider retail use. Photo: VCG

Facebook 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.

It would start with a huge platform but will face regulatory doubts and management questions.

Read Caixin’s in-depth report on how this could affect the financial world and Facebook’s 2.7 billion users.

Contact reporter Tanner Brown (tannerbrown@caixin.com)


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