In June of this year, Facebook announced its plans to launch a cryptocurrency dubbed Libra. However, the company has since seen a backlash, with regulators and the media grilling the project for a variety of reasons. With this in mind, let’s explore at least five reasons why Libra may not launch – something that is considered entirely possible within the cryptocurrency community. Regulatory Pressure It didn’t take long for Facebook’s future cryptocurrency project to grab regulators’ attention. Unfortunately, much of that attention was rather negative. The French finance minister and a German member of the European Parliament were among the first to react, calling for a discussion on Libra. Moreover, both countries agreed to block the project, stating that “no private entity can claim monetary power, which is inherent to the sovereignty of nations.” Months later, the situation surrounding Libra has gotten worse, and it has brought attention to the cryptoc
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