Facebook Plans Outside Foundation to Govern Cryptocurrency
▻https://www.theinformation.com/articles/facebook-plans-outside-foundation-to-govern-cryptocurrency
Facebook plans to cede control of its forthcoming cryptocurrency to outside backers, a move meant to encourage trust in the digital payment system and reassure financial regulators, The Information has learned. In recent months, the social network has courted dozens of financial institutions and other tech companies to join an independent foundation that will contribute capital and help govern the digital currency, according to people briefed on the plan. The digital token, which Facebook (...)
