It looks like the controversy surrounding Facebook’s Libra is not going away anytime soon. Earlier this week
Bloomberg reported that European Union antitrust regulators are actively investigating the cryptocurrency project. Today the
Financial Times says three Libra partners are privately discussing distancing themselves from the venture because of regulatory scrutiny.
At the same time, Facebook is frustrated because the partners are not vocally supporting the project. The FT quoted one backer as saying “Facebook is tired of being the only people putting their neck out.”
Meanwhile, last Saturday, Swiss local news site
NZZaS claimed that members of the Financial Services Committee of the U.S. House of Representatives will visit Switzerland. They plan to discuss Libra with the country’s data privacy commissioner.
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