Petition to Ban Facebook’s Libra “Crypto” Asset Reaches 55,000

European NGOs have launched a petition against Facebook’s recently-detailed crypto asset-like digital currency, Libra. The effort seeks to make EU policy makers aware of apparent public resistance to the plans.
So far, more than 55,000 individuals have signed the petition. However, any attempt to outright ban an entirely voluntary alternative to a jurisdiction’s official currency could serve to endanger the rest of the crypto asset industry.
NGOs Decry Facebook’s “Crypto&