Libra members leave the project due to pressure from regulators

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.