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Facebook is supposedly reassessing its plans for its own digital currency after resistance from regulators.
It is now thinking about a system with digital versions of established currencies, consisting of the dollar and the Euro, according to Bloomberg and tech site The Info.
The Libra Association, which Facebook established to develop the currency, will continue its work, the reports stated.
The plan will consist of Libra, the company stated in reaction.
The social media network’s digital wallet is now anticipated to launch this autum