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    Home » Media: three Libra members are considering leaving the cryptocurrency project from Facebook

    Media: three Libra members are considering leaving the cryptocurrency project from Facebook

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    By BlockchainJournal on August 23, 2019 News
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    At least three Libra members are considering leaving the project from the largest social network Facebook, according to the Financial Times .

    According to the publication, two members of the Libra Association are discussing what should be the "next right steps." A third unnamed member of the association is seriously concerned about possible problems and excessive oversight by regulators.

    In a conversation with the Financial Times, one of the partners said that it would be difficult for members of the association to comply with all the requirements of regulators. Another criticized Facebook for its ill-conceived strategy, saying the following:

    “Some of this regulatory talk should have taken place before launch. This would make it possible to understand how regulators would react to the project. ”

    Also, one of the participants suggested that Facebook was probably "tired of having to pout yourself for everyone."

    The Libra Association consists of 28 companies and non-profit organizations, including Calibra (a division of Facebook), Visa, Mastercard, Uber and Spotify. Initially, it was assumed that each of the participants should contribute $ 10 million to the project.

    Earlier, BlockchainJournal reported that the delegation of the US House of Representatives is going to visit Switzerland to share opinions with local regulators regarding Libra.

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