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Mnuchin Believes That Libra Investors Are Pulling Out Due to Fear Of Enforcement

Roland James

Summary: Visa, Mastercard, Stripe, eBay and Mercado Pago have all joined PayPal in backing out of the Facebook cryptocurrency project Libra, according to CNBC. These companies are believed to have backed out due to fear of government enforcement. Treasury Secretary Steven Mnuchin said while on the “Squawk Box,” that he told representatives that they would face ...

Visa, Mastercard, Stripe, eBay and Mercado Pago have all joined PayPal in backing out of the Facebook cryptocurrency project Libra, according to CNBC.

These companies are believed to have backed out due to fear of government enforcement. Treasury Secretary Steven Mnuchin said while on the “Squawk Box,” that he told representatives that they would face sanctions if they didn’t meet regulatory standards.

By Roland James

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Link: Mnuchin Believes That Libra Investors Are Pulling Out Due to Fear Of Enforcement   [Copy]
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