Libra, Facebook’s long-awaited digital currency, is set to launch early next year, according to people familiar with the matter. The Financial Times is reporting that the release will be significantly scaled back when compared with Libra’s ambitious original plans.

When Libra was first announced back in June 2019, it was set to be supported by a mixture of backing from several currencies and government debt. Since then, however, the cryptocurrency has received much regulatory scrutiny, as well as the loss of some high-profile backers.



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