Did Facebook Just Gave-Up On Libra Project?

[krb91]

Libra is the first step in the mass adoption of crypt occurrences. Government will definitely not sit back and watch their greatest tool of human control which is finance become 'decentralized' even though Libra in itself is a regulated and centralized 'cryptocurrency'. The heat Fact book is taking is as a result of this, I doubt the Libra project will be abandoned though although it will most likely be delayed.

[TastyChillySauce00]

Not a shocking news, government are pushing them too much to not release it, the media always saying bad things about it. Even if it's released I think that will just become a huge failure anyway, better not release it at all.
Since Libra is basically stablecoin it will not affect the market that much. I mean there's already so many stablecoin there. People who always screaming about Libra are those who are just unreasonably got hyped anyway.

[hahahafr]

I don't think they have given up their project but currently the legal systems and authorities are not cooperating enough to ensure that they launch this project successfully but i believe as time goes these legal institutions would soften up and maybe we can see the Libra Coin finally launched.

[shiming]

They just said that they might fail, and the US government has a lot of resistance to their new ideas. I don't know if there are other ways to follow up on Facebook projects.

[Ozero]

I knew from the beginning that the regulators will not allow Libra to start.Too strong a competitor to the dollar and not only no one needs.

yes, US governments will be the main issue from libra, but i still believe Libra will be launch
but, everyone should wait for a little bit longer from the schedule mate,

This is not only a negative US position towards Libra. The position of prohibiting this coin is also occupied by the G7 states. Therefore, I think that Facebook will fail with its big project Libra. In any case, the implementation of this project will cost him too much.

[Moshaid]

The Facebook team incharge of the libra cpin project are definitely having tough time with the regulatory and US bodies on the launch of the project. Well most pro people in the blockchain world are also against it since the announcement from Facebook and with this the issue is still yet to have a final decision but we should be expecting some before the end of Q4 hopefully.

[upyem2k]

There is no way they will hive up at this juncture. They will only need to put some things in their right places and restrategize on how to make the project a success.

[coin-investor]

This news is getting me thinking if facebook will really survive the regulatory heat.

Now officially saying it may not launch.

https://www.cryptoinformers.info/news/226-libra-stablecoin-may-not-launch-facebook-warns-investors

Just wondering, Did Facebook Just Gave-Up On Libra Project?

Based on that article, they are not going to push through with the launching of their token, that's unfortunate, I still consider Libra coin as good publicity in the crypto, US regulation just killed a goose that will lay golden eggs for the Facebook stakes holder, maybe later they can do it, if they can create a roadmap that is acceptable to the US government.

[[btc]YSG]

This news is getting me thinking if facebook will really survive the regulatory heat.

Now officially saying it may not launch.

https://www.cryptoinformers.info/news/226-libra-stablecoin-may-not-launch-facebook-warns-investors

Just wondering, Did Facebook Just Gave-Up On Libra Project?

Facebook will not give up on Libra project that easily. Though there are a lot of controversial issues with Libra now ranging from a claim that its whitepaper is plagiarised, and also a lot big names in the crypto industry are also coming agaisnt Libra.

[pixie85]

The media are amplifying every piece of news. They warned investors because they are getting a lot of heat from politicians and regulators. This doesn't mean they will give up but it means the launch isn't only in their hands.

Some things are beyond their control and if people like Trump decide to stop them they will be able to because FB is a registered company that needs licences to operate. Bitcoin isn't.

[ishirut009]

This news is getting me thinking if facebook will really survive the regulatory heat.

Now officially saying it may not launch.

https://www.cryptoinformers.info/news/226-libra-stablecoin-may-not-launch-facebook-warns-investors

Just wondering, Did Facebook Just Gave-Up On Libra Project?

i heard news about the facebook libra coin getting slammed by the us government because i believe they see it as a huge threat to the us dollar. I believe that they are threatened by the adoption rate facebook have.

[thiscomm]

I think Facebook will do a collaboration with Crypto. the news that I read Facebook will use Libra as transaction money for its users. a policy from Facebook that I think is wrong because they just made a plan that was opposed by the US president. indeed crypto libra has a fairly good price stability with a low purchase price. but whether Facebook does not think later will result in a decrease in its users due to this collaboration. because this will only boost the popularity of libra.

[Tarion]

I am pretty surprised, because it was really promising. But when you have a meeting with regulatory party, you should be prepared to answer all the questions straight and honest, which did not happen as far as I know.

[joe50]

is it the facebook doing presale on icobench?

[Krabby]

This news is getting me thinking if facebook will really survive the regulatory heat.

Now officially saying it may not launch.

https://www.cryptoinformers.info/news/226-libra-stablecoin-may-not-launch-facebook-warns-investors

Just wondering, Did Facebook Just Gave-Up On Libra Project?

i heard news about the facebook libra coin getting slammed by the us government because i believe they see it as a huge threat to the us dollar. I believe that they are threatened by the adoption rate facebook have.

That is true, and facebook has issued a notice, Libra may not be available in 2020 or will never appear. I was hoping Libra would help the crypto market grow quickly but it seems to have failed

[Galley]

You probably forgot how Zuckerberg was called for a report to Congress, and here is the answer to you who really decides on Facebook policy. Total control by the state is the only thing that worries them. Will there be enough desire and strength for the developers to defend their project, we will see.

[jazmuzika217]

I think facebook coin not gave up on libra project and I think there are some problem between facebook coin and libra project. In my own opinion facebookcoin is still alive but this is a big challenge to them,to avoid this kind of problem because they only have a very short period of time of preparation.

[Cheesus]

I think in the end, Facebook won't launch its Libra currency. The US government can be an obstacle here.  Many people started talking negative about Facebook's Libra decision, so, they may be failed which is not good news for the crypto community.

[kindbtc]

This could just be a gimmick to satisfy regulators as im quite sure that they will launch libra and also it is also certain that they will find a backdoor diplomacy rather deal with the US govt and agencies which will give libra a green signal just expect this to happen in next few months.

[UniversityCoin]

After fighting with the community and government they are willing to continue this idea. I doubt, there will be a cancellation at any point. Facebook knows what they are doing. Scammers already started to make a fake Libra token sales, by the way.

Fraudsters are always on the alert and do not miss the opportunity to fake themselves under one of the most popular projects. And strive to deceive people to earn a lot of money. You need to be prepared for this.

As for Libra, I am sure that they will do everything to ensure that their project is implemented.