Binance Reveals ‘Venus’ — Its Own Project to Rival Facebook’s Libra

Binance is launching ‘Venus’ — a cryptocurrency project that it says will be more independent and regionally-focused that its Facebook counterpart.

Cryptocurrency exchange Binance has revealed it’s planning to launch a cryptocurrency project dubbed “Venus.”

The exchange defines Venus an “independent regional version of Libra,” according to an announcement published Monday. The exchange also calls on governments and businesses  organizations to join the initiative.

Binance did not respend to Cointelegraph’s comments at press time. 

This story will be updated.