Facebook’s Libra Currency May Face Restrictions in India

Facebook’s Libra may be banned in India, and potentially other countries with a hawkish policy toward (BTC) and digital assets, reported the Economic Times India. Based on unnamed sources aware of the matters, Facebook (NASDAQ:) has not performed a consultation with the Reserve Bank of India. Additionally, the Calibra wallet may not be available in countries where Facebook is banned.

The news goes counter to Facebook’s ambition to create a global payment system.

“If Facebook were to design the Libra to be a closed system, only to be transacted on its network and not beyond, RBI should ideally …

This article appeared first on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.