Blockchain
Facebook Acknowledges Libra May Never Be Launched

Facebook has acknowledged that its plan to launch Libra cryptocurrency may be disturbed due to regulatory scrutiny. The strong push-back from international regulators and authorities may force Facebook to delay the launch. The mixed response from the community also makes it difficult to access the potential market acceptance of such currency.
In its latest quarterly report, Facebook warned that it couldn’t guarantee Libra “will be made available on time, or at all” due to various factors.
“Libra has drawn significant scrutiny from governments and regulators in multiple jurisdictions and we expect that scrutiny to continue. We do not have significant prior experience with digital currency or blockchain technology, which may adversely affect our ability to successfully develop and market these products and services,” the company said.
Libra head David Marcus promised that Libra would become a low-cost and efficient payment tool for people who did not have access to traditional means of transferring money.
-
Latest News7 days ago
Slovakia Publishes Groundbreaking Report on Illegal Online Gambling
-
Africa5 days ago
Tanzania Gaming Board Warns Families About Risks Posed by Betting on PlayStation Games
-
Latest News7 days ago
Best Altcoins & Crypto Casino Sites for Safer Gambling 2025 Ranked
-
Latest News7 days ago
Best Online Casinos in Europe | Listed Top 10 European Casino Sites for 2025
-
eSports7 days ago
Lim “Ulsan” Soo-hoon Fights off the Competition to Reign as TEKKEN 8 at 2025 Esports World Cup Champion, Securing Back-to-Back EWC Titles
-
Latest News6 days ago
Best Gambling Sites For US Players: Top Real Money Online Casinos 2025
-
Latest News7 days ago
7777 gaming teams up with Winpot to enhance online casino experience in Mexico
-
Latest News6 days ago
Best 25 Crypto Gambling Sites & Casinos for South Korea 2025 Picks