Facebook Libra Faces Another Setback From Global Regulators

Libra

Ever since Facebook (NASDAQ:FB) announced that it was going to come up with its own cryptocurrency last month, the company has faced a whole range of backlash from regulatory bodies not only in the United States but also in the rest of the world. The name of the cryptocurrency is Libra, and although the company is planning to launch it in 2020, the white paper has received its fair share of criticism.

In a fresh development, privacy regulators in the United Kingdom, the United States, and the European Union have expressed their concerns over users’ privacy …

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