Facebook Crypto Plans Floundering as Global Regulatory Pressure Mounts

Following a couple of weeks of outright lambasting by US lawmakers, Facebook’s Libra crypto project appears to be cracking at the seams before it even gets off the ground. A fresh round of regulatory pressure has piled on this week from concerned countries around the world.
Facebook Crypto Angst Escalates
In the two months following the social media giant’s announcement of its crypto ambitions to become effectively the world’s largest bank, the pressure against it has mounted.