Facebook has no credibility mate, they are fond of selling out users data to the buyers(either the government or to other individuals for use), the government are just trying to infiltrate into the world of cryptocurrency and they think that, thorough facebook they can hit the whole world
Facebook Libra will be a failure. Learn from former billionaire Anil Ambani. All the hype created by those MBAs and CAs for nonsense. Bitcoin has also run into trouble in many big coutnries.
I doubt it will be a failure considering how many big names they have behind and even if they didn't, it's fricking facebook. Their stocks already reacted really positively to it, 10% gains in 3 days and how are they going to fail anyways? A lot of noobs will certainly use it and buy it even if they don't know anything about cryptos.