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.
That's not a given yet, but this whole thing is kind of interesting. I hadn't read much about Libra except for what I've heard on the forum and didn't realize that it's supposed to be a stablecoin. Not surprising that the government would have a problem with a big corporation creating its own form of money, though I'm not sure how that's different from Joe Blow creating his own altcoin as a fork from some other coin, which we all know happens all the time.
Should be intriguing to see what happens with this, as I'm pretty sure it'll be a big part of crypto history once all is said and done. Part of me thinks FB might just abandon their idea if it's costing them too much money to proceed with it, because it sounds like Libra is just Facebook's attempt to jump on the crypto bandwagon. A stablecoin isn't exactly a necessity for Facebook to create, and I'm not sure what it's going to add to their bottom line.
I do not think Facebook has given up on its plan to launch its digital currency named Libra.
No they haven't. If you read the CNBC article, they just listed the risk factors and possible barriers which any responsible corporation has to do when they're seeking investors. They also stated point blank that they're working with regulators to make it happen.