The biggest partners are turning away from Mark Zuckerberg's Libra

Bulletin

8. 10. 2019

Cryptocurrency Libra company Facebook still has problems. Not so long ago, both the EU and the US authorities opposed Libra. The EU in particular is afraid of abuse of its dominant position and threats to the sovereignty of member states. Libra was supposed to be managed by the Libra Association, which is made up of a group of companies. But now the cryptocurrency is frowned upon. Visa, Mastercard have withdrawn their supportcarand now they are joined by PayPal. The reason is apparently the fact that Facebook did not respond sufficiently to the institutions' criticisms and concerns.

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