Facebook´s Libra cryptocurrency likely to hit further hurdles, S&P says
(WorldNews Business)

The Libra cryptocurrency planned by US technology giant Facebook is unlikely to become a reserve currency - one backed by central banks and used in international trade - as it may not win the necessary regulatory approvals, a report by S&P Global Ratings said. `Libra resolves some of the main issues related to cryptocurrencies as a means of exchange and store of value and, if successful, could disrupt some financial services activities - payments and money transfers most directly,` the paper published on Wednesday said. `The main hurdle we see to its success is whether it will receive the regulatory approvals required...