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Facebook’s Cryptocurrency Project Pivots Again to the U.S.

By
Alex Heath
· · Source: The Information

Facebook’s dreams of a global cryptocurrency are officially over. The independent association the social network stood up to govern the project from Switzerland said Wednesday that it’s relocating to the U.S. and plans to only issue a digital currency backed by the dollar. It’s the latest in a long series of twists and turns the embattled project has taken since Facebook first announced it...

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