Investors Consider Cutting Ties with Facebookâ€™s Libra Amid Regulatory Scrutiny
At least three investors in Facebook’s Libra cryptocurrency are considering disassociating with the currency following intense regulatory pushback.
According to a report published in the Financial Times on Friday, some backers are fearful that the spotlight placed on the social media giant’s proposed cryptocurrency will also bring their own separate, independent businesses into disrepute. Two founding partners have allegedly held discussions with regard to what theÂ “right next steps”Â should be for their investment.Â â€œI think itâ€™s going to be difficult for partners who want to be seen as in compliance [with their own regulators] to …
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