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 …
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