The Facebook has announced about its launch on the global digital currency by first half of the 2020 and this currency will be named as Libra. The Libra will be run by the Libra Association, which is a Geneva-based entity and it has over two dozen of founding partners which includes Facebook, Uber, MasterCard, Visa, along with the Vodafone group. Many concerns are being raised by few of the lawmakers, commentators along with the co-founder of Facebook, Chris Hughes, who is now the foremost critics of the social media network on which he has helped to create it.