Facebook's Libra Cryptocurrency Project Shifts Focus to Payment Network

When Facebook unveiled its Libra cryptocurrency project last June, the social networking company described it as a futuristic global money that could serve as the foundation for a new kind of financial system. But now, Facebook and its partners rolled out a less ambitious design for Libra after the effort encountered numerous hurdles and heavy regulatory scrutiny.

The GigaLaw Firm helps companies of all sizes protect their brands online, using domain name dispute policies – such as the Uniform Domain Name Dispute Resolution Policy (UDRP) – and other legal tools available to copyright and trademark owners on the Internet.