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March 3, 2020
After seemingly never-ending pressure from regulators, Facebook has reportedly decided to modify its digital currency plans.
The company will now focus on launching digital versions of government-backed currencies in its Calibra wallet, including the U.S. dollar and the euro, in addition to the proposed Libra token. Libra's still pressing forward, but Facebook's singular crypto dream is on hold for now.
Sofie Kodner
Sofie Kodner (@KodSof) is a former newsletter producer at Protocol, based in San Francisco. Previously, she was a reporter with Bay Area public radio station KALW. Send her an email at sofie@protocol.com.
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