Libra Updates White Paper, Removes Dividends for Libra Association
Jack Martin's original article for cointelegraph.com reduced by 78%
The white paper for Facebook's proposed Libra currency has been quietly updated, according to a Dec. 10 article written by Georgetown University law professor, Chris Brummer. Aside from expected amendments reflecting the revised Libra Association members, the biggest change is the removal of dividends payable to those early investors.
Dividend removal alleviates potential conflict of interestThe problem with awarding dividends, and potentially the reason for the change according to Brummer, is that it created a potential conflict of interest between Libra Association members, and end-users of the currency.
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