The future of Facebook’s Libra is uncertain after the project was met with significant regulatory scrutiny and criticisms. Facebook (NASDAQ:FB) shared the information itself in its latest quarterly report.
Facebook also cited its participation in the Libra Foundation as a business risk, potentially inviting time-consuming and expensive regulatory scrutiny. Additionally, the company has warned that the need for oversight and explanations may slow down or even stop development of the promised products.
Since the Libra Association ...