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From TFA “A large platform utility may not establish, maintain, or operate a digital asset that is intended to be widely used as medium of exchange, unit of ac
by klez 7y ago
From TFA
“A large platform utility may not establish, maintain, or operate a digital asset that is intended to be widely used as medium of exchange, unit of account, store of value, or any other similar function, as defined by the Board of Governors of the Federal Reserve System,” it proposes.
- Robotbeat 7y agoSo it’s specifically targeted against Libra.
- viraptor 7y agoI don't understand it this way. Facebook is the platform and it can organise Libra in a way that it doesn't actually operate or maintain the cryptocurrency itself. I'm assuming that implementing a wallet is not part of operating the currency.