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I am just curious about the libra coin, this recent month libra project is in the hottest news, but now currently I never heard about the latest news development for facebook libra project.

Their have any update...😀😀😀

It's because they were stopped and called by the legislators of US.

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They think that it's going to be a threat to their current financial system for which they have to take a look closer with facebook's Libra project. No update until now but AFAIK, launching would be by next year Q1.

Thank you very much mate for the information you answer my curiousity because a lot of people waiting for the success of the facebook libra projext.

I heard the latest news about the launch which was postponed until 2020,
but surprisingly there are still many people who send the ICO libra site, I think it's a scammer, and for ICO Libra I also haven't gotten clear news when to start ICO.

Libra still continues and it's not getting another delay and you can try to search libra-swiss based project and FINMA already made a good statement about that and that's why the US lawmaker is not feeling happy to see that.
https://www.swissinfo.ch/eng/facebook-cryptocurrency_libra-stablecoin-wants-swiss-financial-regulatory-control/45098688

they are still going through many corporate hearings as well as their future plans.
This large project will have to be very difficult to develop properly. I think it will probably last until 2021.

Already a wiki entry here, https://en.wikipedia.org/wiki/Libra_(cryptocurrency)

But there has been a lot of debates here, specially how Facebook handles personal information for those who are going to used this token. If you are also not aware of, Facebook will pay an unprecedented $5 billion penalty over privacy breaches (https://edition.cnn.com/2019/07/24/tech/facebook-ftc-settlement/index.html). So there's a lot of qualms about what it can really bring into crypto sphere because majority thinks that it shouldn't be even called crypto.

in the crypto article, very many people discuss libra. Well, of course, it's still quite a long time, but if you often read the article you will get the news. it's just that it's not news about its development because we know that not every developer needs to be reported. so I think, for its development, I also have not gotten more information.

but, here is some news that I found that discuss libra.

https://cointelegraph.com/news/libra-members-consider-quitting-project-due-to-govt-pressure-report
https://www.coindesk.com/rep-waters-says-congress-will-continue-review-of-facebooks-libra-crypto

may be useful

Fed called their attention moreover it as well faced diverse government interference all pointing to its regulation. We will have all news as regards its development soon when they've complied to government requirements for the project.

There are some possible reasons of why they are in silent for the past weeks. Maybe they are expecting that the government will be against them in connection with FB Data privacy issue therefore they need more some preparation to counter this before launching it or maybe they are waiting for a bullish market to ensure that they could collect some huge investments too.

as far as I know, Libra has not yet been developed, there are still some problems and there needs to be an understanding between the countries that exist in the world, because if libra develops it might affect the world finances, because if libra is developed then libra will move massively, because we know Libra is part of Facebook. and Facebook is used by more than 100 million people in the world in various countries.

It was always "DOA". They tried to create a currency which could be transferred without any permits from the banks but the funders of this project still have to protect their main operations.

For example, UBER was a supporter but they still have to comply with the US laws because their main income depends on their main activity in the US.

If the government decides to not like libra, one way or another the funders of libra will have to leave it because if they don't they know their main operations will be in danger.

The simplest way to learn about the Libra updates is to Google. Recently, 3 large companies, which agreed to cooperate with Libra before, took a decision to leave the project. They said that Facebook does not have any clear plans for its new coin. besides, they are afraid that Libra will be regulated too strictly, which is not acceptable for them.
However, there is no news which companies were meant.

Many crypto enthusiast believe that libra isnt good and will be resulting on the same fate of Xrp who is under a big manipulative centralized coin. Yes its founder is famous and known to be a succesful person on social media. But I think it doesnt count as a reference on crypto to be succesful you need to work hard for it and gain some knowledge to pull off a succesful project in crypto. It will not be like bitcoin that slowly risen up. Maybe if hype is higher it can but only to know that libra is a hype then what good is that? Unless they can prove how good their platform is I stay put and watch over their advancement and progress.

Right now, the prospect of Libra Project getting launched in the year 2020 is getting bleaker and bleaker each day with various governments already pronouncing their reservations against the project. What is even worse is that some of the companies that used to throw their support to the project and even joined the Libra Association have also shown signs of backing out. Their actions are definitely under the influence or pressure of the US government and other governments that are against Libra.

However, all of these obstacles can only hold up to a certain point. It is only a matter of time before other huge companies in the world will convert themselves into blockchain and crypto. There is no stopping of the crypto adoption.

They already announce that they will launch next year, maybe next year we can see if they are gonna follow their timeline.
This project is controversial as this is a big project that the government has feared might be use for illegal activities or money laundering since sending money is just very easy, just like sending a message.

Though I'm not too familiar with the Libra platform but I can already feel it will be a big help in the crypto space but that would not be possible if they can't comply with the US regulatory requirement to launch.

Once this will be launch, I'm expecting more similar market will come to play in the market as this is a big success for crypto.

Be careful with those Libra that are circulating on the web.

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They ask people to invest on their project but the reality is that Libra hasn't launched yet.

Different opinion and different information i got about libra, this all information i got from the comment of each forum member very helpful.



.yeah mate thank for the remainder, that's why I ask information and update because i want to know and gathered information for the analysis the status.


Once again thank you very much to all.

I have heard Libra coin still has an issues with their government. Maybe, they are fixing it before finally launching the coin. Anyway, haven't heard Libra coin for quite some time now. The hype is already fading and people are now losing interest since Libra announced that the coin will be an stable coin and not like other altcoins.

This is the currenr update  1 day ago: https://www.coindesk.com/tensions-rising-at-facebook-libra-as-backers-consider-quitting-report

From the past weeks I did not see and read news and libra project. And I think there is something wrong to their project because all we know that they prepared in a very short period of time to launched their project, so I already expect this kind of problem because unlike other successful project they plan and prepared well for a year before launching the project.

I haven't heard their latest news, but I remember when I saw the site but forgot the link, and it was said that their team and management immediately released a Libra coin in mid-2020. But it's not certain, it's better to wait for the news of certainty. Usually their news quickly spreads widely because crypto users also expect and wait for their coins to be released.

I think that is one of the reason of the postponement of the libra coin project the team member of these project is start to prepare and study for the good of the libra become successfuli.




I think jazmusika217 is correct  the team is in the period of preparation that is the reason team start to lainch libra coin in the middle of 2020 to makes sure the success.

Many of people not believe not only in Libra, but also in that project with connected with Libra face to face - I mean Facebook. Because this network has problems with privacy, many users think that Libra also not will be safe.

I saw an announcement some weeks back that they may never release the project because of the stiff opposition they are getting from government and I think it is really a serious matter as I aloes heard that the G7 summit that was conducted of recent was seriously against it and has directed its member never to allow the project to fly.

I want to believe that is what is presently making the hype to die down, except maybe they are still developing the project since it was 2020 that they initially promised the public to release the coin, but before that 2020, they ought to have been given update on the development of the project and keep sending reminder to people so that the hype can still be on, but if by December, nothing has still been done to update the public, then the project may be already dead.

From what I read, Libra Coin is still constrained by regulations but I think Libra Coin will still be made. Facebook is a big company and I think it has a good legal team to look for legal loopholes so that Libra Coin becomes legal and complies with government regulations

Libra might not see daylight sad to say that this is being oppose by the government
at the same time it will crush the crypto community since facebook have all the details of every people in the world
we might be needing other crypto and make libre the crypto currency, but the government don't want that to happen
and its not good in the economy as we speak, imagine all of our information is in the hand of few people ?
we also want privacy they already had our identity information, we dont wan't them to hold our money at the same time
that's a bit to much  ;D

There were scams that lately comes around on the social media. The project is on the hype and there are abusers that would take advantage to the people that are interested to it but are not aware of the current situation of the project.

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If by chance there's someone that asks you about it and he's being fooled by those posts on the social media platforms, warn him/her.

Facebook that is very smart, you think that they will not eventually find a way out, this is blockchain technology, and if other companies can be running it without government going after them, then why would Facebook be the first they will deny of same thing. I am sure even government does not have intention of doing so which is why they want to understand everything about his proposal, if they are convinced about it, then I am sure that they will allow him to run his project smoothly.

Many of the people that have been opposing the project may just be doing it blindly because I see no reason opposing a project when you have not really seen the framework of feel s its effect on whatever we claim it will have effect on, so Facebook may actually survive it.

everyone has heard the news that China is about to launch its cryptocurrency. so i think it will push USA to approve the libra project

Though am very strange to this information because I never heard of them having prepared for ICOs. I think that, Libra was postponed because of the misunderstanding of the said currency which they have not clear from the regulators. Their launch was slated to take place in 2020 and this should be a catalyst to speed up the price if Bitcoin.

Libra project was going to start anytime soon, all they did was to create an awareness and proposal, they only wanted to know how to community would feel about it.

Libra project doesn't seem to go very well. There is still some support from companies already in cryptos. But i don't think we will see a new coin from Facebook. The hype of Libra was just an excuse for whales to pump the price of bitcoin.

Where do you get the information? Can you provide the link of the source here?
I also have never heard about the current progress on Libra project nowadays. Since they are called by the USA legislators, there is no big news on Libra project anymore. But if they already started with bug bounties, it means a positive signal.

The head of Facebook was at a hearing in the US Senate, where he gave explanations about his new project. As far as I heard the hearings were very stormy.
Libra still has not received the full approval of the SEC, but already plans to launch its bounty campaign in the near future.

As of now we to wait what will libra future by help and get an support from the Facebook company and other companies. I think bitcoin isn't affected and not excuse for pump the price, but if the libra become successful it also can for bitcoin price hype.

Libra is going to meet stiff regulatory hurdle that will grossly delay its launch,principally from the US, maybe by a few years, eventually they will launch,by them a couple of other tech giants will be in the game also

Between Libra coins and other coins such as bitcoin is used. Bitcoin for many investors is a digital asset while Libra Coin is the same stable as the dollar in its use. I don't think Libra Coin will be able to kill other top coins because the functions in investment and payment are also different.

   They already have problems with governments regulations, U.S. officials made some announcements regarding Libra coin. They can`t do what ever they want, Facebook
is accused for trading with personal information`s.
   Libra launch is announced for next year. They made some hype about it to test peoples reaction and now they are waiting for the the right moment to do that again. It`s
marketing! I think we will see more of them in next period, they have a lot of money and they will use it for the best possible advertising.

I thought so.
I haven't read any news about them so maybe this is the reason why.
Looks like the screaming media suddenly stopped into hyping them. Well, they will really have to go through the strict rules of USA.

Oh and also please beware of the Libra coin. There have been a lot of duplicate that is being created to confuse people.
You must not buy from that. If you really want to buy Libra make sure it is the real one.

I do not think that there are any new updates about libra project lately. I think Libra team is doing internal homework for the launch of the project. Following concerns from the US, it may be planning to satisfy regulators and issue the project after completing regulation measures. Get ready for its launch.

Guys, Libra is really a very interesting project, but you must understand that if the Libra project is implemented, then not only all the personal information of millions of users, but also their financial information will belong to the owners of the social network.  I think that we should take this issue very seriously.  In my personal life, I always quarrel with my wife when she posts home photos from a vacation on Facebook, and this already causes me a lot of negativity.

the last news i read was the development of the libra project which was opposed by mr.trump as president of the usa. where Mr.trump felt that Facebook using crypto for its use was feared it would erase the central bank in the USA. and since the latest news until now has not been heard again for how the continuation of the Libra project that will work with Facebook.

They are still working on progress .. the last news is that they launches bug bounty with $10,000 as a max reward .. you can look at here at https://hackerone.com/libra or here someone create a thread to discuss about it already specifically
 https://bitcointalk.org/index.php?topic=5179314.0

Even though they are in trouble to get a greenlight from the US government.. the show must go on.

And yupp don't fall to a cheap trick on any project that claimed it's come from facebook libra  association .

From what I have heard is that Libra is not getting a delay in its launch this time, and many companies are already in support of this social media infused coin. Many banks and heavy influentials are already looking forward to its launch by the end of this month maybe and are anticipating it’s success.

Since they want to launch the project legally, it is necessary to obtain many permissions. A special company has been hired to help lobby the interests of the project. And all this paperwork can last for years. Such is the news.

Since the US government has repeatedly spoken out against the Libra project, and the Internet has bypassed the information that Congress has put forward a requirement to impose a moratorium on the implementation of the Libra project, I can assume the following that the Libra project will not be legally implemented, since  legal structures will not allow this to be done.

Could you please post the link  where they have it that the coin will be launched by the end of the month because the only projects that  I am expecting this month is the Bakkt, the last time I read of Libra projects, their release was proposed for next year 2020,  I do not now know if there has been change of plan for them to launch it this month because I think they are still in the development stage.

Recently I learned that they are hiring a private firm to help them look into a particular area and that area of interest is not something that will come by easily and it takes time, so if they have hired such firs to do the task, thin they are still not ready yet for the release and I think that next year would be more feasible for them in the launching of the coin.

but all of you are not confused that the facebook yesterday had the largest data leak for 419 million users ??? You are sitting here and dreaming that the libra will start, and now think better how to save your data and not lose everything that you will have by the time this libra is launched ..... I do not understand what is good in starting this shit, the same dollar , no difference.

https://www.engadget.com/2019/09/04/facebook-privacy-databases-phone-numbers/

As far as I read, Facebook already realized that they have big problems with launching their Libra coin. The G-7 states reacted very harshly to the possible appearance of this coin. Given this, Visa left this project and will not participate in it. I do not think that we will ever see the appearance of this coin. Most likely, there is no more news about this coin, because the situation is at an impasse.

Everything is legal, and all this situation will end with the project approvement and release of Libra. Binance is also going to support Facebook crypto and actively cooperate with it. I think that we will hear the news about some changes with this project in late autumn. However, I suspect that too many difficulties are waiting for Mark Zuckerberg and his unique cryptocurrency.

I've heard various conflicting information about the libra coin, I guess it's popularity has made scammers interested in the project and there are several airdrops flying around with the project name. I don't even know which is legit. The Last information I have is that the US Congress is proposing a sanction for the project.

There are many factors that will not allow Libra to succeed. A lot off people are against it. They know it is a potential competitor, so they will not want it t6 succeed. Aside that, the government of US, also see it competing with the IS dollars, which might make some people to shift from using the real dollar to the stable con called Libra. However, all these caused fear in the minds of other team members, which made to abandon the project. So me might not see Libra coin develop again.

It seems that there is a lot of pressure on Libra, while I don’t fully understand why. This is probably due to the fact that the libra is somehow not completely controlled by the US state apparatus,
or all this hype is done exclusively for show, and the project itself has already been secretly adopted.

Libra is working on many approvals from government officials we may see libra to lime light may be first quarter of 2020

It hopes to see it in the market next year. Cause I and many others are thinking that Libra is gone. We've never heard the news for its development and it came into our mind that it ended already. Then, let see how this coin it attracts investors and how it competes with the others.
They still have time in order to finalize their system and hope it will give a positive impact on the market.

It seems like Facebook companies are not well received by the public, including some big countries like the US and other big countries, who strongly reject the LYBRA coin launch. besides that I think facebook coins are not decentralized like bitcoin or Eth. This might be a strong threat why many pros and cons about LYBRA coins.

Facebook will reach most of the countries so entire world will know the Libra coin, But still some peoples are not developed in cryptocurrencies so some reject will occur. Already it will ready to launch at the same time they don't fix the exact date and status of further moment. US, Russian countries and European countries are preparing the next step so we don't know exact information of these countries.

I don't trust Libra coin all along.
Because Mark Zuckerberg's Google Analytics file is pretty big. I don't think libra can give you what you want, especially in privacy. The fact that it uses a centralized blockchain infrastructure is another question mark. It also vetoed Libra in France and several other countries.
Not long ago, it was beneficial in terms of making a bullish effect on the market. But I don't think Libra's future is bright for the rest.

I think it's good that they are not releasing any update for now until they are ready to do so, the European news that's banning libra coin in their territory is such a big blow, something that the management of Libra Coin don't want to happen as they prepare to launch Libra Coin.

They already set the date of their launching which is still subject to change, they should first do behind the scenes talk with their partners and supporters before the launching.
Timing is very important, it's better that they do a launching when the market is doing good.