Libra Facing A Hostile Environment
The regulatory environment in the U.S. seems rather hostile towards Libra as things are heating up for Libra on a global scale with Facebook’s ambitious digital asset launch set to be blocked in Europe, India, and China. Facebook instituted a governing body for Libra in Switzerland and now even Swiss Central Bank‘s chairman and executives are expressing growing concerns around Libra and other stable coins. France has said it will block the development of Facebook’s Libra cryptocurrency as it poses a threat to “monetary sovereignty”. At the opening of an OECD conference on cryptocurrencies, the French economy and finance minister…





