Payments News

Regulatory Pushback Spooks Libra Backers

Aug 23, 2019
Some early supporters of Facebook’s proposed cryptocurrency Libra, spooked by the intense regulatory scrutiny both national and worldwide, want to distance themselves from the project, according to a report by The Financial Times.

The Libra Association, a coalition of 28 members put together by Facebook to help bring the cryptocurrency to fruition, includes Visa, Mastercard, Uber, the subsidiary Calibra and Spotify, among others.

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