Facebook Wants New Cryptocurrency to Rival the Dollar

The video discusses Libra, a cryptocurrency backed by fiat money, and its blockchain-based governance. It covers the absence of major tech companies and banks among its launch partners, expectations for future diversity, and the structure of currency usage. The video also addresses regulatory concerns, emphasizing the importance of regulated on and off ramps and the decision not to enable shielded transactions to prevent illegal activities.

Why are traditional banks and major tech companies not part of the initial launch partners for Libra?

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What is the significance of having a permissioned blockchain in the context of Libra?

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How does the Libra network plan to handle anti-money laundering regulations?

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