Facebook set to bring 2.3 billion users to Digital Assets

Facebook is looking to establish an independent governing body for its new Digital currency – project Libra. The new Facebook coin will be pegged to a basket of different currencies i.e. Yen, $, £, € etc. Facebook is looking to establish a foundation to oversee the governance, by selling positions to a 100 different organisations which will be on the governing body, which itself, will over-see the Digital Asset. According to Blockcrypto, the initial members will all pay $10million and include:( see attached image) Source:www.theblockcrypto.com

Interestingly, the majority of the above proposed members...