A U.K. based blockchain firm Saga is launching an alternative token to Facebook’s digital currency proposal Libra. Saga’s advisory board includes Nobel Prize-winner Myron Scholes. The firm hopes to build a global currency that complies with all crypto regulations. However, the firm doesn’t plan to launch its token in the U.S. yet. It claims SGA doesn’t currently have the regulatory clarity required to do so.
The firm claims that “SGA is the first digital currency that replicates the mechanics of central bank national currencies and applies them on a global scale”. SGA tokens are available to the public on the parent exchange SAGA.