Express

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

Last Update:

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

Related Articles

  • BitFuFu’s VP on Mining Leadership, Corporate Crypto Treasuries, the Stablecoin Act, and... 12 hours ago
  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 2 days ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 12 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 14 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 15 days ago

    • You need to login to comment.