Close Menu
    X (Twitter)
    Blockchain Journal
    • News
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • NFT
      • DeFi News
      • Polkadot News
      • Chainlink News
      • Ripple News
      • Cardano News
      • EOS News
      • Litecoin News
      • Monero News
      • Stellar News
      • Tron News
      • Press Releases
      • Opinion
      • Sponsored
    • Price Analisys
    • Learn Crypto
    • Contact
    • bandera
    X (Twitter)
    Blockchain Journal
    Home ยป Libra members leave the project due to pressure from regulators

    Libra members leave the project due to pressure from regulators

    0
    By BlockchainJournal on August 23, 2019 News
    Share
    Facebook Twitter LinkedIn Pinterest Email

    At least three Libra members have decided to leave the project due to pressure from regulators and politicians.

    Representatives of the Financial Times said on the eve that companies that previously planned to invest in Libra are considering ways to refuse to participate in the project. It was assumed that 28 members of the Libra Association will invest in Libra, among them: Visa, Mastercard, PayPal, as well as Uber and Spotify. It was assumed that each participant in the innovation project invests $ 10 million in Libra.

    Regulators' close attention to the Libra project raises concerns among some partners, some worry that because of Libra support, regulators will begin to conduct inspections of organizations that support the project. Facebook itself does not like this approach, some Libra representatives noted that the company is tired of being the only one who is fighting for the project and taking risks.

    In June, information appeared that members of the Libra Association had signed an agreement that, in principle, was not obliged to them, payment for the right to become a participant in the project was not made, and supposedly the possibility of participating in the project was still being discussed.

    Facebook Featured Libra Mastercard Uber Visa
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    BlockchainJournal

    Related Posts

    Rain raises $250 million and reaches $1.95 billion valuation after expanding its Visa alliance

    January 9, 20263 Mins Read

    Polygon negotiates the purchase of Coinme for 125 million dollars in the US

    January 9, 20263 Mins Read

    Grayscale pushes for the launch of new crypto ETFs for BNB and Hyperliquid

    January 9, 20263 Mins Read

    Colombia and France tighten cryptocurrency tax regulation to curb tax evasion

    January 9, 20263 Mins Read

    Payment flows projected to reach 56 trillion dollars due to stablecoin adoption

    January 9, 20263 Mins Read

    Global sanctions push flows of illicit crypto to a record 154 billion dollars

    January 9, 20263 Mins Read

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Blockchain Journal

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.