Libra’s Early Backers are Considering to Withdraw their Support Due to Growing Pressure from Regulators

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Recently, three of Facebook‘s initial sponsors for its scheduled Libra stablecoin launch are thinking about withdrawing their support, taking into consideration the aggressive regulatory response. A recent report from the Financial Times states that the two establishing partners of Facebook’s Libra Association have had talks about what their “right next steps” might be. Moreover, several …

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