The regulatory pushback on Facebook’s digital currency project Libra appears to be putting the frighteners on some of its commercial partners, with several companies currently considering their positions, according to the FT.
The news comes after reports emerged that competition watchdogs at the European Commission have begun probing potential anti-trust issues relating to Facebook’s plans, with a particular focus on the governance structure and membership of the loosely affiliated Libra Association.
Tension Rising at Facebook Libra