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Support for Facebook’s Libra is Beginning to Wane

Posted on the 24 August 2019 by Worldwide @thedomains

The Next Web published a piece about some of the early backers of Libra looking to back away and maybe back out completely.

The story written by Yessi Bello Perez takes a look at a recent report from (you need to subscribe to read it). It looks like the backlash from regulators is prompting some companies to think about it changing course.

From the article:

Now, the FT it’s spoken to two of Libra‘s founding members, who say they are concerned about the intensifying regulatory scrutiny and are considering walking away altogether.

Additionally, another supporter says they are concerned about publicly supporting Facebook‘s digital currency as this may attract unwanted attention from regulators tasked with overseeing their own business.

Ms. Perez concludes the article with an opinion that Libra might not launch in 2020.

Domain investors have registered well over a couple thousand “Libra” related domains since Facebook announced the new cryptocurrency.

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