Current Affairs - Technology - Discussion

Facebook Global Holdings registered a new cryptocurrency firm named 'Libra Networks LLC' in Geneva, Switzerland. It will provide financial and technology services by developing related hardware and software components. Facebook has been very secretive about its new cryptocurrency project. Facebook had registered the trademark "Libra" with the United States Patent and Trademark Office. Facebook has hired 2 cryptocurrency compliance experts who formerly worked at the major crypto exchange Coinbase to assist in their work.