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Swiss Minister Says Facebook's Libra Has

Swiss Minister Says Facebook's Libra Has "Failed" In Current Form

Saturday, December 28, 2019, 7:13 AM

The Swiss-president and finance-minister has delivered the latest blow to Facebook's planned Libra cryptocurrency, saying it has "failed in its current form," Swiss-network SRF reported. "The central banks are not going to accept the basket of currencies" that Libra is supposed to be based on, Ueli Maurer, who is in his final-days in the rotating presidency of the Swiss-Confederation, Switzerland's federal council, told SRF.
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