In the coming months, the Libra association will be recruiting additional members and they will also raise money in a private placement to jumpstart the ecosystem and to drive adoption. Libra will also engage with regulators, policymakers and experts for feedback and to ensure that the new global financial infrastructure is governed properly.
According to Facebook, Calibra will be regulated like any other payment service providers. This means it has to comply with privacy and security standards which include fraud and risk management. If you’re not comfortable with Facebook’s Calibra, there will be other digital wallets that you can use to manage your Libra cryptocurrency.
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