#Libra

As part of the initiative, the team entered into a partnership with California-based Silvergate Bank, which today serves several crypto companies at once

Diem Association, a non-profit organization formed by Facebook, may launch a pilot stablecoin this year

UK to develop a set of laws to regulate stablecoins

Despite opposition from governments around the world, the project is still ongoing. Facebook, the developer of the Libra cryptocurrency, has announced the appointment of Ian Jenkins as CFO of the digital payment system.

The G7 project says digital payments can improve people's access to financial services, increase efficiency, and cut costs. But such payment services must be properly regulated so as not to undermine financial stability, consumer protection, privacy, taxation, or network security.

Libra continues negotiating with the Central Banks to develop a regulatory framework. The association is still planning to release a multi-currency stablecoin

The number of members of the Libra consortium continues to replenish with new members, so the other day the Heifer International charity foundation joined the association. Now it includes 23 members