Facebooks acknowledges that Libra may never be launched
“Libra has drawn significant scrutiny from governments and regulators in multiple jurisdictions and we expect that scrutiny to continue,” CNBC quoted Facebook as saying in its filing with the Securities and Exchange Commission.
The social media giant also pointed out that it was uncertain whether its cryptocurrency would be accepted by the market.
“As such, there can be no assurance that Libra or our associated products and services will be made available in a timely manner, or at all. 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.”
Facebook representatives have said on several occasions that the company is committed on cooperating with regulators to address the concerns around the project.
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The post Facebooks acknowledges that Libra may never be launched appeared first on The Independent Republic.
source: https://theindependentrepublic.com/facebooks-acknowledges-that-libra-may-never-be-launched/
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