Australia is the latest country to reject Libra — Facebook’s proposed digital currency payment project. The country’s central bank also says sovereign digital currencies are unnecessary given that commercial banks already have working electronic payment solutions. Highly Regulated Libra Not Enough for RBA Approval According to Financial Review, the Reserve Bank of Australia (RBA) has submitted a recommendation to Parliament calling for Libra to not be allowed in the country without robust regulatory guidelines. Australia’sRead More The post appeared first on Bitcoinist.com.