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Thursday, Oct 29, 2020

Facebook's Libra reportedly losing support from early investors amid regulatory scrutiny

Facebook's Libra reportedly losing support from early investors amid regulatory scrutiny

At least three members of Facebook's Libra organization are considering leaving the operation due to intense regulatory scrutiny. In June, Facebook announced that it would launch a cryptocurrency run by the nonprofit Switzerland-based Libra Association in 2020. The announcement from Facebook caused an uproar from government officials in the U.S. and abroad.
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