PayPal has officially become the first backer to pull out of Facebook’s Libra project

PayPal has officially become the first backer to pull out of Facebook’s Libra project

Facebook’s cryptocurrency project has lost one of its partners, but more may leave soon.

Scepticism mounts over Facebook’s Libra as Paypal abandons cryptocurrency

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The Facebook-led effort to build global digital currency Libra has suffered another setback: payments processor Paypal becomes the first member to exit the Libra Association. Also today, importers of European cheese in the US stock up ahead of tariffs. And the Financial Times reports that HSBC is planning 10,000 more job cuts.

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What Are the Risks of Facebook’s Libra?

Columbia Law School Professor of Comparative Law, Katharina Pistor discusses regulation for Facebook’s Libra. She speaks with Romaine Bostic, Joe Weisenthal and Caroline Hyde on “What’d You Miss?”

Why Facebook’s Libra Faces a Tough Road to Becoming a Crypto Giant | WSJ

In its quest to launch a digital coin, Facebook is hitting a series of snags as companies pull out of the project and regulators question the social-media giant’s ability to manage a currency. WSJ’s Paul Vigna explains the global backlash against Libra.

Photo: Debarchan Chatterjee/Zuma Press

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Ebay to exit Facebook’s Libra association, follows PayPal’s footsteps

CNBC’s Deirdre Bosa joins “Closing Bell” to report that Ebay has dropped out of Facebook’s crytocurrency project Libra.

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