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Topic
Board Altcoin Discussion
Re: Facebook Warns Investors That Libra Stablecoin May Never Launch
by
joelsamuya
on 06/08/2019, 09:58:58 UTC
Facebook told its investors in its latest quarterly report that — while the firm expects to launch Libra next year — some factors could prevent its release. Iin the risk factors section of the document, the company admits that it recognizes the significance of the pushback shown by regulators towards Libra.

https://cointelegraph.com/news/facebook-warns-investors-that-libra-stablecoin-may-never-launch

I can understand the kind of pressure that the Libra project has just undergone when it entered the nest of the realtors and those regulators were not pleased with the prospect of influence that Libra can have on the global economic order. Right or wrong, they painted a negative picture as far as Libra is concerned and it is not helping in anyway that it is lead by Facebook. There is then a big possibility that the project can be temporarily shelved so as not to anger people especially those who are holding powers.