Current Affairs

"Libra Networks LLC" Registered in Geneva, Switzerland

Facebook Global Holdings registered a new cryptocurrency firm named 'Libra Networks LLC' in Geneva, Switzerland.
"Libra Networks LLC" Registered in Geneva, Switzerland
  • It will provide financial and technology services by developing related hardware and software components.
  • Facebook has been very secretive about its new cryptocurrency project.

Details:

  • Facebook had registered the trademark "Libra" with the United States Patent and Trademark Office.
  • Facebook has hired 2 cryptocurrency compliance experts who formerly worked at the major crypto exchange Coinbase to assist in their work.
  • Facebook is looking to raise $1 billion to build this new project.

Question:

Q. Where has Facebook Global Holdings registered a new cryptocurrency firm named 'Libra Networks LLC'?
a. Hamburg, Germany
b. Geneva, Switzerland
c. Paris, France
d. Tokyo, Japan
"Libra Networks LLC" Registered in Geneva, Switzerland "Libra Networks LLC" Registered in Geneva, Switzerland Reviewed by Neha Verma on May 21, 2019 Rating: 5

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