Facebook denies that it’s cringing away from its virtual currency plans due to the fact that regulators loathe it, saying that it “remains fully committed to the project.” On Tuesday, multiple reports suggested that Facebook has decided not to support its Libra virtual currency in its own products and will instead offer users the ability to make payments with government-issued currencies, or that the platform and its partners are weighing whether they should recast it as mostly a payments network that could operate with multiple coins. According to a report from The Information that cited three sources, Facebook has been mulling offering digital versions of currencies such as the US dollar and the euro, in addition to its proposed Libra token.

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