What a long and winding two and half years it’s been for Libra, the digital currency project spawned by Facebook.
For much of that time, all that was known about the social network’s ambitions for the cryptocurrency space was rumor and conjecture. The full scope of the project, unveiled in June 2019, exceeded most of this speculation – including the revelation that Facebook aimed to decentralize control of its creation, starting by handing it over to a governing council. But the Libra Association’s actions since have mostly been to scale back its hopes and try to address a largely hostile reaction to the project among the world’s governments.
CoinDesk has been chronicling this saga every step of the way. What follows is a detailed timeline of the Libra project’s history, from the early signs that Mark Zuckerberg’s social network was sniffing around the blockchain industry to Libra’s recent watering-down of its once-bold plans. Bookmark this article, because we’ll keep updating it as the story continues to unfold.
Follow all of CoinDesk’s coverage of the Libra project here.