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]
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 2 hours ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago
  • You need to login to comment.