At least three of the 27 companies which are part of Facebook's Libra cryptocurrency project are reportedly evaluating whether to disassociate themselves from the project.
The Financial Times reported the news on Friday, saying that the increased regulatory scrutiny of the project has led to such consideration. Some of the companies said "that they were concerned about the regulatory issues, while another member said that they were worried about publicly supporting Libra."
The Libra Association is comprised of big-name companies such as Visa, Mastercard, PayPal, Uber and Spotify. However, Visa CEO and chairman, Alfred F. Kelly, recently said that no company has officially joined the project yet. The Libra project was announced in mid-June and since then has faced intense regulatory scrutiny from around the world.
Libra's headman, David Marcus, recently assured senators and lawmakers in the U.S. that Libra won't launch until all concerns are addressed.
Posted from my blog with SteemPress : https://coinnewsextra.com/index.php/2019/08/26/financial-times-some-companies-lose-interest-in-facebooks-libra/