It's time for a short review of one of today's most important news from the crypto-world! 🔝
👉 Members of Libra are considering resignation due to government pressure
At least three early supporters of Facebook in relation to the planned launch of the stablecoin Libra are considering leaving the project due to strong regulatory pressure.
Today's Financial Times report states that the two founding partners of the Libra Facebook Association discussed what their respective steps should be. Another - again unnamed - supporter is allegedly concerned that their public support for Libra will result in unwanted regulatory control of their own independent companies.
Libra is a newly created, independent management consortium for Libra. It has 28 founding members - including Visa, Mastercard, PayPal and Uber and Spotify - each of whom was obliged to invest USD 10 million in the project.